administration not a good outcome for lenders, page-2

Kiwi Kid,

I have to agree with you on that one.

I suspect that the Lenders are trying to force the board to either

1. Sell the business
2. Recapitalise the business

There is no gain for the lenders to send AEJ into recievership unless they have a buyer lined up that is prepared to pay out the debt. Otherwise going into recievership will result in the lenders loosing control. at the moment the lenders control the cash flow.