not the bankers fault - they may have in fact saved ozl from itself.
am would have kept spending and in his own words he said he had to check several times as to whether ozl was actually still solvent. it was only when the banks came in that avebury was shut down and a series of cost cutting initiatives put in place.
if am and cfo had paid some attention to cashflow and due dates for loans all of this could have been avoided.
so if it's an echidna for the bankers what do you have in mind for am the board and the cfo?
OZL Price at posting:
55.5¢ Sentiment: Hold Disclosure: Held
