I recall reading somewhere that Eric & Hotchin transferred some heavily mortgaged properties across to Hanover (being their increased equity contribution) as part of the moratorium agreement. Very very smart boys, those two.
One has no choice but to wonder in amazement really. I remember being at the Hanover moratorium meeting where Bruce Sheppard tried to fight for the investors but was pretty much told to shut up by the majority of them. Then there's the comment that it was great that Hotchin turned up but where is that gutless Watson - a great double act playing good guy, bad guy and they lapped it all up.