RE: MLPL Loan Notes10 Feb 2024 11:27
Sorry Mdumba you're quite correct. actually MLPL was the issuer and Midwestern guaranteed the repayment. the point we've all missed (including myself til now) is that they've all been paid back with the exception of the interest, which is Midwestern's liability. if you look at our accounts from 2016 on, you will see they're not there anymore (original principle value c.$175m). you can also see that there's c.$120m of interest currently outstanding. my mistaken nomenclature about issuer and holder pails into insignificance compared with the trolls' efforts to denigrate Midwestern and thereby San Leon.