share price , page-49

JD,

Live and learn. The contracts entered into by Centro were short term contracts.

The execs gambled on the fact that they could just keep writing new ones. The banks said sorry but we want our money now.

Centro made the poor choice of borrowing short term for long term assets. It was simply a risky decision which did not work.

If you dont understand that, then you havent learned a lesson from these events. Centro know that they got it wrong. That is why the CEO got the boot and an new team is trying to save the day.