Yes the company is in exteremly poor health, in fact it is TERMINAL!
I think this was more likely a smart career move......
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Yes the company is in exteremly poor health, in fact it is TERMINAL!
I think this was more likely a smart career move......
Looks like the party is well and truly over. Any comments or obituaries?
We've been gathered around the death bed for a couple of years now, but will save the obituary until the patient has passed on.....and a death certificate has been provided
I thought they might have at least written to note holders to advise they aren't making the interest payment due.
Maybe they can't even afford the stamps for envelopes.
Yes no money for stamps or anything else, there is a seller at 0.1 cents and still no takers! This puts a value on the company of $110K, just enough for a decent burial....
Freezing order removed....Liberty purchasing the rest of Pero subject to an independent valuation, current value considered to be $16m
Sparky, I think it is good news for both, the company has a chance to stay alive now and the debenture holders will probably get offered a conversion to shares, albiet at an amount in the dollar which is subject to agreement by the trustees prior to an announcment!
I would doubt that Invessi, NZF Money Debenture holders have nothing to do with Pero or the sale of it. It may benefit the Noteholders and Shareholders who are subscibed under NZF Group which is where the Pero asset sits.
Tony Two Gloves there are two lots of debentures NZF & NZF Money