Looking through this thread it is apparent that there continues to be a strong effort to suppress unflattering information, with posts removed for a variety of reasons such as "unsubstantiated", "copyright" and "off-topic". Someone does not want to discuss whatever happened at Repcol in the mid 2000s - why?
Lev might be on to something interesting here. I have done some research and found the following - http://www.aspectfinancial.com.au/asxdata/20071126/pdf/00787114.pdf
Repcol defaulted on covenants of a Cargill convertible note and were subsequently forced to sell their loan book to Credit Corp. What was this convertible note and how did it default? Is this in any way structured like or related to the Balbec "Performance Enhancement Plan" call options?