You give them 3 months.
I think they will pull through this credit squeeze and reshape slowly.
They still have good money out via Senat and that no doubt is there
cash flow right now. They are not makeing new car loans, just winding
down the book. They still have assets to sell.
65 mill out and 25% of that in property which most of is returning cash.
I think they report about end of May. We should all get a better picture
then.
At 50c a share. I am using my spec money on them.
Queenstown is certainly not their problem right now.
Cheers BB