sparcs noteholders meeting, page-4

Thanks Dargie, much appreciated.

"JK said obviously you would have to deal with problems as they arise, but he did point out that the corporate level banks and the asset levels bank are pretty much the same banks, so if they screwed the company in some way at an asset level they would effectively be screwing themselves at the corporate level and that would not be a very smart thing to do."

Can't say that this gives me a lot of confidence...consider BNB scenario were Hypo (I think) held onto the cash and appears to have held the rest of the banks to ransom, thus accelerating the demise of BNB.

Re asset sales...they don't seem to have an appropriate sense of urgency...hopefully it is because they are in a much better position than is perceived from the outside.