iiNet (IIN.ASX) has been under a self imposed trading halt for most of this week, with wild speculation occuring.
Initial news centered around issues of iiNets borrowings from Wesptac:
The Australian Financial Review said it understood that Westpac had been in contact with the company in recent days to clarify its financial position. Westpac has lent iiNet about A$70 million (NZ$82 million.)
In response iiNets CEO, Michael Malone, has stated the company had not breached its loan covenants with....
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