interesting, had a glance through the details, the waiver part...

interesting, had a glance through the details, the waiver part stood out for me. I wonder what would happen come July, since ABS has already breached the convenant. You guys should pray that the credit situation doesn't deteriorate further, otherwise banks will do to ABS what ANZ did to opes. Sell first and hear the questions later.

net asset backing shares must be pretty low now.