People do understand right? We know bids have been made. We know the lowest bid that can be made by law is just under €2m. Ergo as of this moment CLP are at least €2m better off.
Who cares? Only news that matters is the auction and we know bids have been made and the lowest can only be just shy of €2m all of which goes to clp. Money in the bank.
Thanks for that. So if bids are in and we know the minimum price then we now know CLP are now guaranteed at an absolute minimum €1,957,500 (€2.61 million x 75%)