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sorry wrong codeit is actually ESI - ENVIRONMENTAL CLEAN...

  1. kennethgalbraith
    14,091 Posts.
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    10/11/08
    10:33
    Post #: 4482261
    sorry wrong code

    it is actually ESI - ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED

    I just noticed some discussion on the esi thread prior to the trading halt

    looks like the having $500m in US denominated debt has thrown out all their ratios and they are indanger of breaching gearing covenants with their banks

    looks as though they will be asking shareholders to replace debt with equity now


    we may be getting shares at a deep discount


    TSE Price at posting: $2.38 Sentiment: None Disclosure: Held
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