Plenty of comments here suggesting that for people with considerable wealth it's just a phone call to raise coniderable finance at short notice. Obviously those comments stem from a lack of experience and knowledge in those areas. As for reading BRW reports, it seems those reports always list peeople's assets but never their debts. Don't believe everything you read. Is there anything amiss in Citi providing a report only a couple of days prior to this whole mess suggesting that if you even valued the US business at NIL, then the Australian and NZ arm, net of debt left the SP valued at approx $3.60. The day it all crashed I had my broker from Citi Smith Barney on the phone trying to get me to sell at $1.20. Says a lot. I've lost a bundle through all of this and don't either love him or hate him, but I don't blame Eddy.
ABS
a.b.c. learning centres limited
