This is the type of agreement we shld be seeing. PDN bond issue. Tier 1 U308., page-32

Gday Robot,

Yes, you know what the word SECURED means. But do you know what it means in relation to BLR?

I will spell it out. HT and the ablation machine are the security. It is there for all to see. And we all know BLR is out of money, hence the reason they need a loan.

What happens if the merger does not go through because some noisy and greedy shareholders are trying to get a better deal, even though the premium of 100% we are receiving is massively above market multiples? The loan has to be paid back quickly. And if the loan is not repaid in time, the security is taken by WU.

So what does BLR shareholders end up with if the deal fails and BLR is out of money?

Cait