If anyone still thinks that Terry is a viable owner then you are in cuckoo land. There is more shiite to come, more people wanting their money. The IRD, ACC and Council rates demands are luking on the horizon. There will be no "orderly selldown of assets". Terry's assessment that his debts are less than his assets is wildely speculative and most certainly wrong.
Wow, it's so good to have an expert on finance posting to this forum. Or possibly a psychic, I'm not sure. Or a third option - someone who doesn't know what they're talking about and is making up worst-case scenarios. Please give sources or evidence for all of your above statements, and "some guy told me in a bar" isn't evidence.
Deloras.....how about you giving me YOUR evidence that Terry's businesses are all fine and that he will come out of all of this OK and be able to keep financing the Nix.
Ask any student doing Commerce 101 to look at whats happened to Terry Inc over the last 9 months and you will get the same answer as I gave.
As for my background....20+ years working in international business and finance gives me some sort of insight into whats happening. Terry's situation is not unique. Wellington is a small business community. Nearly everone in business circles knows whats going down here.
This will be my last post on this subject. Too many narrow minds for me. Lets just sit and wait to see how this unfolds.