eddie groves on abc tv now, page-20

saw the lateline podcast, here's the numbers eddie gave on screen. debt reduction of approx 750m (from further selling of non-australian assets),a fterwhich remains 1.1-1.2billion debt (liability+bonds).

If I were you I would look out for that eddie's moves to keep the company running, I suspect he will let the 600million bonds to reset into shares, and let the existing shareholders get diluted. There's no way ABC can pay that much debt from the australian business revenue.

This is a bad day to be a finch2.