21 million

net debt, much of it a securitisation like ours.

But the continue to grossly outspend their income and the boardroom battles probably didn't help. Note they are so cash-strapped that they recently accepted a 2 mill buyout of the walcott deal rather than hold wait for the max payments of 5 mill.

Posted By: east of hampstead on June 4th 2008 at 12:22:06


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