this is great company. At one point it was over $30 shrs. Think about book value it's over $5 shrs. Now cash is great per shrs> This stock should be no less then $7.50 per shr
Reliance Rail Pty Limited v Permanent Custodians Limited [2017] NSWSC 1111 Supreme Court of New South Wales McDougall J Contract - contractual construction - plaintiffs sought to refinance debt they incurred - whether plaintiffs could refinance debt without creditors’ consent and, if so, on what conditions - construction of ‘voluminous documents’ - Senior Intercreditor Deed - Common Terms Deed - ‘approach to construction of commercial contracts’ - whether ‘right to redeem Senior Bonds’ - conditions of redemption - what must be paid on refinance - whether amount of indemnity under Common Terms Deed must be paid. - ‘Bullet Junior Bonds’ - held: plaintiffs succeeded to certain extent - parties to bring in draft orders Reliance [From Benchmark Friday, 25 August 2017]
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