@Hi-Lo: [I know you know but just an example] Say you buy a car for 1,000,000 and put down 200,000. You default so your loss is capped at 200,000 UNLESS you had a personal guarantee. Olympia need to tell us what the CONTINGENT liablities are otherwise the loss on equity is not as high for Plus.

@nyari: We need to add any cash the Kenyan parent may have lent Plush.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

This was in response to Olympia 2008-9 Results. Please check for that thread in Investments.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB