Truth time!, page-16

Karara is in massive debt Gindalbies debt is minimal. And the debt Gindalbie has is to Anstell. And Ansteel to date keep converting the debt Gindalbie has into Karara Equity, last time it was just over 3 dollars a share to take Ansteel to 52% . So if anstell want the money back from Gindalbie and not more equity then Gindalbie will go into administration. So the question would be does Anstell want to be dictated to by administraters who have all kinds of crazy powers in theses situations ... I think no...One would have to asume the Australian administrators would side with australian investers IMHO .. have to wait and see Good luck fellow holders and keep hoping for the best