RNC 0.00% 36.5¢ real estate corp limited

shady trading, page-23

  1. 1,138 Posts.
    "Jaranet is right to question the debt restructure. NAB wouldn't have let go of $15m if RNC was in decent shape. Banks only take write-downs when they don't have a choice."

    I would disagree with this point, have seen banks take write-downs many a time rather than waiting for something to turn around. Sometimes the plebs just get a directive to cut.

 
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