Tivan Ltd V.TVN

RE:RE:RE:what really matters

[tannin]

Was dithering..thanks babedinkleman, read your contribution and....sold. Enough. Hadn't read their md&a...bad me. Still hold few debs. They loaned like drunken sailors. Still has value, but with announced writeoffs and ??? maybe more, ya gotta wonder if they'll have enough capital to cover their operating costs, the 'minor' losses that should happen with high risk highly profitable loans and to expand their loan portfolio. The joint venture partners help the situation, but there are, imo, more compelling stories on the exchange, and of course, it is not easy to have confidence in management, specifically in Steve Parry, where the buck or whatever's left of the original buck, stops.