safe for the day?, page-9

well they still post 150m+ of profit in June with solid assets so why wouldn't they survive and why wouldn't their banker want them to survive? The net asset value change every month in volatile market like this that is no way the reason to say the business is doom. I bet that they didn't include the future earning and capacity to grow of the business in calculate the net asset. Banks will take the equity stake if they see there is a future for the business.

Well they just have to work out a new refinance arrangement and restructure the business with bankers to get over this. Many companies with big debt are doing that at the moment. Many banks took large lost on their book last year already, so there isn't a lot of spare money left around to write off and absorb the lost from business that still have a future. I m sure a deal can be reach that would fair for both sides and enable the company to move forward.