re ; panic over ? (1 Viewer)

[Colin1883]

Full q and a... Q 26

 

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[Colin1883]

I hope sbt were wise enough to tape this session?

 

[mark82]

What is this about?

 

[skybluesam66]

per Tim - the debt was completly written off - hence there is no debt

 

[Baginton]

so why mention it if it no longer excists

 

[elephanttears]

per Tim - the debt was completly written off - hence there is no debt

Im not so sure on this, if you read question 27. The last part to the answer "in part on a secured basis" may mean that the money from sisu has been secured against any assets we have. Clearly we dont have many assets but i cant see how they would write off that amount of money.

27: Have any of the loans been converted to shares in any of the SBS&L companies?
CCFC: No, not into shares. It is well known that when the SISU fund which had invested in CCFC required more money, this was provided by another SISU fund, in part on a secured basis

 

[Jack Griffin]

@elephanttears, in part, is that a 10%, 50% or 99% part? We don't know & TF ain't letting on.

 

[elephanttears]

@elephanttears, in part, is that a 10%, 50% or 99% part? We don't know & TF ain't letting on.

We don't know no and it could be up to 99% I suppose, I'm pretty much sick to the back teeth of it all now