NZF Group (NZF and NZF010)

[QOH]

Finally we can put this dog down and Bury it. Voluntary administration announced today.

Do you think there will be anything at all for the note holders or is this statement complete BS

"The purpose of the utilisation of the VA process is to expedite a timely and
cost effective distribution of funds to the NZF note holders in an orderly manner "

[winner69]

Do you think there will be anything at all for the note holders or is this statement complete BS

"The purpose of the utilisation of the VA process is to expedite a timely and
cost effective distribution of funds to the NZF note holders in an orderly manner "

.

They did have $3 million odd in the bank last year.suppose most of that gone by now

But you never know you might get a small payout of sorts

[QOH]

.

They did have $3 million odd in the bank last year.suppose most of that gone by now

But you never know you might get a small payout of sorts

Thanks maybe enough for a cheap bottle of wine if lucky, I'd long given up expecting anything so anything would be a bonus.

[minimoke]

.

They did have $3 million odd in the bank last year.suppose most of that gone by now

But you never know you might get a small payout of sorts

And they had $3m in trade payables due. So that nets that off to nil. Add in a few extraordinary board expenses I'm surprised they are talking of a redistribution. Cant be anything left.

QOH Paknsave have a 2014 Chateau Plonk going for $5.99. I think you might still have to dip into your pocket to buy this commissary wine

[winner69]

And they had $3m in trade payables due. So that nets that off to nil. Add in a few extraordinary board expenses I'm surprised they are talking of a redistribution. Cant be anything left.

QOH Paknsave have a 2014 Chateau Plonk going for $5.99. I think you might still have to dip into your pocket to buy this commissary wine

That trade payables was unpaid interest on the notes I think ......but no doubt a bit of cash spent on the failed deals etc.

[QOH]

And they had $3m in trade payables due. So that nets that off to nil. Add in a few extraordinary board expenses I'm surprised they are talking of a redistribution. Cant be anything left.

QOH Paknsave have a 2014 Chateau Plonk going for $5.99. I think you might still have to dip into your pocket to buy this commissary wine

Hi I did way better than a cheap bottle, if I don't go crazy I can probably buy enough Montana to last me a year. In the end note holders probably did better than if they had accepted shares. Lol at least we have closure.

[whatsup]

N Z F placed into V A today, just too hard a mountain to climb.

[whatsup]

Is there any resolution here ?

[dragonz]

Any thought on the reverse takeover and BGI's future prospects?

[whatsup]

Any thought on the reverse takeover and BGI's future prospects?

Looks like there is life here some how !!