ultimately it comes down to price and earning value and improvement in the business outlook. MMS didnt think it was worth taking and announced that its arrangement wont proceed. Now it comes down to what MMS said on 20th and what is real and how the numbers stack from ECX from what has been stated previously. The debt issue is not really an issue unless the procee concerns of MMS prove that the liability has been structured properly and it is not being shared with ECX clients.
Quick Evaluation, page-50
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