WAB report reckons the loans they gave HAL are worth 45c in the dollar IF and it is a big if, HAL's other credit sources are not impaired.
Well it is bleedin obvious that HAL's other credit sources are impaired ! Otherwise why would WAB have handed over another 1.1 million to them on November 3 ?
In my analysis, WAB's accounts are a SHAM. The investment in HAL is total unsecured and totally worthless.
WAB's other assets are worth about 7c a share max, and thats before the vultures consume it.
WAB Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
