I think you are right the company is dead it is just how the bankers want to play it out. Obviously the company is asking for loan funding to be able to sell an MIS product this year. If that is denied then may as well wind up the company as all they really do is MIS. I suspect the bankers were going to agree and then Gunns came in with bad results and a restructure announcement. This has forced the hands of the bankers because the restructure of Gunns presents an interesting opportunity to sell FEA into the new plantations business being formed by Gunns and outside investors. The bankers might want to control this process by holding the reigns tighter...just a thought
FEA Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
