Morning mate, trust all is good. I don't really know is the honest answer but i would suspect they randomly pick accounts from a selection of smaller companies to check that procedure is being followed at the lower end of the markets, and it just happened that XEL was one of them.
By March 2014, if still not wrapped up, the finance will be by then three months nearer to being resolved. At the AGM Rupert was almost dismissive of any doubts about the financing and if it isn't proceeding then only something seriously bosoms-up could have happened at XEL Towers and I think we/ the industry/ the City would have heard about it by now.
I suspect most will view it as sort of a 'bridging loan' until alternative finance is in place rather than viewing it as nothing else is being done to secure finance. Just my view though, and I'm still hoping to buy at lower prices, just think there is a chance it will naturally drift there anyway.
I'm curious about the books being looked at a year down the line in a (we presume) benign situation. Normal/usual? I too feel comfortable about loan extension. What's not to like for the lenders? Hope all's good with you. Hope you've replaced the Kodak Brownie and flashgun you lost recently.
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