kinghorn

Kinghorn should buy the company back - he sold his shares for $2.50, fund the loan book at a loss if he has to, save his integrity and rebuild the company.

The credit risks were outlined in the prospectus - any self-respecting businessman should have had a contingency plan ie. become a bank, merge with a smaller bank, lend from the RBA. Doesn't the RBA believe Australian mortgages are secure?

Does RAMS have a significantly higher foreclosure rate than the 4 Pillars?

Australian mortgages are not sub-prime.

All the sentiment in the announcement is to save the jobs of the poor employees and franchisees - what about the suckers who are funding his $650M lifestyle?