''cartesians only chance to get their money back is to come to the table and renegotiate the arrangement
the anglo debt can also be negotiated
administrator should allow refinancing and relisting if funds can be found IMO''
Batboy
IMO
You state come to the table and renegotiate the arrangement - do you honestly think Cascavel can service any debt ???
OGX was delisted under ASX ruing 12.2 - imo you should research this rule
Why would the ASX allow the company to be significantly diluted going forward just to help the financiers etc...???
The administrators must determine that if ogx was restructured the balance sheet remains manageable - ie any more funds help the business and shareholders going forward - not just a restructure for the purposes of allowing creditors the control and ownership of the company just to pay themselves back
The business must service creditors and be a going concern etc....
Considering the levels of secured and unsecured debt - this imo is next to impossible
Look at the terms of the failed $5.4m CR - fees and conditions etc...
Who would inject capital with all the risks inherent and all the assets under mortgage ????