Has Collins Street called in their $10 million debt due? Collins St got a first-claim on Marymia, as a condition of the $10 million convertible loan, that kept Vango breathing long enough to be acquired.
Have to assume losing 40% of their collateral, in the WASC appeal, triggered the option for Collins to call the debt in. Particularly, now, given the sh*tshow quarterly CYL just put out.
Anyone know for sure?