Read the Business Spectator article. The banks are the problem. At least one Australian bank that is protected by Australian government (representing the people) guarantees is choosing to get their money back to (maybe) improve their balance sheet.
The banks are also taking the opportunity to screw OZL with increased fees and interest charges for all the one/two month extensions.
The media needs to kick up a fuss and articulate to everyone what is really happening.
The banks around the world were largly responsible for the GFC and they are now killing businesses to recover their losses.
OZL Price at posting:
$8.20 Sentiment: None Disclosure: Held
