PN17 is possible since there is the MUGC and if the BOD is not doing anything about it. The mgmt can negotiate the terms with creditors or lenders. And, if they have to, they can also dig deeper into their fleet of vessels with has a value of more than $1.1b; a small portion have been classified as assets for sale to generate cash flow in meeting the repayment terms while ensuring that they still have sufficient fleet of vessels to meet their vessel charter hire which typically generates approx RM275M income yoy.