strong start today, page-34

This is like wading through mud...
WBC are not giving RHG $140m, they're offering
the money for parts of the company that they
want. Those parts then go away and RHG is left
with zilch but its' loan book. The $140m goes to
pay down liabilities/debt, so you're left with no
money, no name, no business and a loan book in
rundown mode and no secure funding.
Why would anyone want to bid for that ?
Purely a risky spec trade imo.