boomtime,
When you say cutting themselves from Allco what do you mean. My understanding is the the Allco receivers will sell the Rubicon management rights to the highest bidder for an ongoing fee stream not hand back the management rights to RJT for nothing. I wouldn't of thought RJT would be allowed to buy back the management rights as all cash is earmarked for the banks. Unless Rubicon lose the right to manage RJT, for example because the required insurance has lapsed as per last announcement, I cannot see how we can get out from under their yoke. The B&B satelites bought back their own management rights from B&B but they weren't yet uder control of the banks.
If you have some knowledge of RJT buying back their own $4.5Mpa management fees I would love to hear it. That would in fact be a win for the banks as well because it speeds up the loan repayments with additional surplus cash flow.
cheers
- Forums
- ASX - By Stock
- RJT
- surviving rubicon
surviving rubicon, page-10
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RJT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online