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| Subject: plan from the time they issued the notes.If the restructure | |
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Author: mandate |
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Date Posted: 02:45:56 01/24/03 Fri ERG - ERG LIMITED Symbol Last Change $ % Open High Low Volume More Information Broker Edit ERG 0.145 +0.000 +0.000 0.145 0.150 0.140 3,214,388 Profile Chart Customise Broker Quotes delayed 20 minutes, Australian Market is currently closed (9:43:32 PM:AEDT) Posted by: Pessimist Jan 23 2003 8:39:45:857PM Reply to post #3790 by gizmo Go to Post # Previous Respond Message List Next But the price wouldn't get to 40 cents unless there was a fair degree of confidence that good profits aren't far off. In that case they could possibly afford to pay the interest to the noteholders and stick to the original plan. They only proposed the restructure in the first place to rid themselves of debt they can't pay. If the restructure was always the best thing to do, it would have been the plan from the time they issued the notes. (Voluntary Disclosure:Position Short Term rating: Long Term Rating:) OZeStock Advertisment:"Get yourself an institutional advantage!" Previous Respond Message List [ Next Thread | Previous Thread | Next Message | Previous Message ] |