MB, - I think the banks want it to survive, their recovery...

MB,
- I think the banks want it to survive, their recovery options otherwise do exist but not good, this point is a big plus
- I also think banks hugely annoyed, "frosty" relationship reported media putting mildly
- I think line in sand is no more cash from banks
- based on H1 results SGH Australia, it can't even pay interest bill
- so all comes down to UK cash over next 12 months
- E&Y expecting positive UK cash coming as at their 29/2 audit sign off or otherwise would have written down UK to zero in audit, this another positive. Also the lack "going concern" qualification several have pointed to, another positive.

My view, the sorry saga will play out another 6 months or so with ups downs. But again, only a view, the talent/client morale equation will be the killer under boots of lenders. Because financial forecasts in such situation run away in a white collar firm.