TheBigM, I hope you are wrong and they do make announcement this morning before the markets open.
Ideally I would like to see in this announcement that someone else comes in and repays the CBA in full in exchange for convertible notes that are either repaid back in 3 to 5 years or converted to CCU ordinary shares at the market value at the time.
That scenario is the least likely , so will it be Magna that pays the CBA back in full or just the outstanding operating debt of approximately $10m and the leave the license bond debt of $5m with the CBA .
Who knows lets hope its an except able announcement to investors .
CCU Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
