stella breaching loan .. rolf is out of town., page-9

Thanks Seamisty,

I thought my comment

"It looks like accountants can work to a best case method
and if required a harsher worse case method.Just my opinion." Was so stupid....


But they DO allow for worse case scenarios and we are all counting it as bad debt desicions made by MFS management.

"In his circular to creditors early last month, Octaviar administrator John Greig, of Deloitte, made provision for a $249 million warranty claim from CVC."

If you added up everyone's claims of bad lemons/sour grapes? and assumed they all were successful and owed payment the debt might reach 4 bill..
Really how can they do it? and not clarify?
Did I read that Deloitte also stated something like the full price for Stella was not achieved la la la? I will have to look at the reports again!

This is early days with claim and counter claim going to appear and the media presenting what it wants to....
..ie Insider trading vs I bought a lemon vs etc etc..

Interesting that Rolf left though....

So CVC Asia Pacific are just advisors and UBS etc?? extended the loans? I thought that CVC advised Funds?
Is their input just the 400mill and is that being counted as the inter co loan as well?