yes finch2, they are decreasing their debt by selling some of...

yes finch2, they are decreasing their debt by selling some of their most profitable assets. What have they got now? $1bill in debts? At lets say 8% interest? That indicates their first $80mill each year goes into interest repayments and they have lost 60% of their Yankee business and soon to sell their English business as well. I think a few in the ABS threads need to have a reality check. ABS will probably survive but they are a very long way away from thriving again. I personally believe they need to do a massive capital raising, possibly in the order of $250mill to get back on track - just not sure if they would be capable of raising that amount of cash at reasonable terms.