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Q&A With Singaporean bid at 3pm today


Frankie

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You know, it's a shame that this very interesting interview has been completely lost amongst the furore of the SPL propsed rule change.

Well done to Frankie of @GersnetOnline on providing such an enlightening interview.

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You don't have to meet the "full bill" with a CVA.

In principle if the winning bid is £20M and our debt is £100M then they are paying back 20p in the pound.

If the winning bid is £25M and our debt is £50M then its 50p in the pound.

I may be wrong but that is how it was explained to me by a CA.

also im sure i read something about him saying he had set aside only 12m for the creditors,, is this correct?

would Duff and Phelps go for this giving they are supposed to get the best deal for the creditors, which i would take to mean most money (although im probably wrong)

i hope they would cause im liking this bid more and more the more i hear about it

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