it may be worthwhile understanding what a "syndicated deb factility" actually is ...........
the following may be of some use:
IF a company is the terms of said facility, then it can run it full term.
if in "breach" - then each member of the syndicate has to agree ......and this agreemet can be
1. monthly
2. uartrly
3. bi-anully
4. any peiod the syndicate demands.
finally - ALL syndicate members have to agree .........
imho- this stock is very high risk...........it may gettaken over, or it may get restructed........
take care mate !!
rgds
V_H
MRM Price at posting:
16.0¢ Sentiment: Hold Disclosure: Not Held
