"Emergency loans written to troubled chicken franchise Lenard's and Queensland-based Q Energy had to be reversed, Blue Sky told investors. The value of units in the EC 2010 Private Equity Trust, a backer of Lenard's and Q Energy, has decreased more than 50 per cent in five months."
"The Australian Financial Review previously reported that other Blue Sky private equity interests – Aquila Shoes and Wild Breads – breached lending covenants."
BLA Price at posting:
$1.70 Sentiment: Sell Disclosure: Not Held