Yes, that has been the issue all along - how could the Chairman expose himself to that possibility - no need to state the obvious.
Yes, I agree the DOCA will cover creditor indemnity. And that is interesting in that the Chairman is a creditor. That possibility should been discussed by a prudent Board when the CHG loan was presented for approval particularly, since the Board knew about an outstanding undisclosed debt to CMPL that contravened the JVA.
FH need to get it right or Kev, their employer, may have sell his jet.
I don't suppose he will need it when his performance with respect to CMR becomes common knowledge. My guess is he won't be dining at the Ivy in Covent Garden in the future.
It is a tough life copper futures up and coffee futures down.
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Held
