also, keep in mid that AFG have to pay a 2% fee if they deffer the payment. soif the next payment isnt made on the 26th of may (i think its then) then when they can make the next payment it will be $6.40.
For AFG not to make the next payment they would have to have a very reasonable excuse.
Please remember the business is still producing a cash flow. Cash flow = ability to make payments.
AFG's problems are that they are highly leveraged and banks dont like that atm. Theres nothing to suggest that they will not be able to make the next payment atm. \
i think the only viable excuse AFG have is that they might be in a situation where they are paying a higher inst rate for their exisiting loans until they negotiate a long term re-finance and need to make these inst payments to the bank to keep the coy afloat.
quite big value in afgha, page-21
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$1.43 |
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