TPG is mother of all hedge funds lenders for aej. they bought Myer floats cheap and sell to Myer retail investors at a costly price.
interesting is toward the final bids and media start to sound "scary".
the important thing to know that our loan still have another 18 months to go. so a lot of things can happen before the lenders are decide to pull the plug.
But at least a good new. if the media is report is true then we now owe only 2.6 billions compare to 2.7 billions. so we have wipe 100 millions from our loan books.
AEJ Price at posting:
6.2¢ Sentiment: None Disclosure: Held