Thursday, November 03, 2005

Nobby rocks the boat

So Nobby's sweating and table-jabbing has got the company's management all worked up and wobbly. They think they need to appoint receivers.

At about 11pm last night it was looking like the directors would hit the button this afternoon. But now a twist: the head of corporate lending in one of the two banks involved says he'll lose his job if this company goes down. So he wants it to limp on a bit further.

This is a good thing - tanking the company today would lose the opportunity of potentially selling bits of it (not to mention seriously damaging my weekend plans).

So we struggle on.

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