Chairman of Dorchester, Mr Barry Graham said: "The board of DorchesterPacific intends to undertake an immediate review of the potential impact of these decisions on the company's investment in St Laurence".
I wonder what due diligence was done at the time their investment was made?
On the "credit where credit is due" side, I will note that I have already been rung by St Laurence to say that my deposit of last week has been placed into a trust account. They wanted confirmation of the bank account to refund it to. It seems they have been preparing for this announcement for some days.
Before getting too hard on St Laurence, how refreshing the above is compared to the horror stories of the past couple of years, where companies have been taking in money when they know they are in trouble, and not returning money received up to (and even after) they've fallen over.
Before getting too hard on St Laurence, how refreshing the above is compared to the horror stories of the past couple of years, where companies have been taking in money when they know they are in trouble, and not returning money received up to (and even after) they've fallen over.
Grimy
Refreshing, maybe. But it probably has more to do with the criminal charges laid over the last few days against the Bridgecorp Directors.
DPC...will there be an agm?.... not looking like it... Personally i think its almost beyond their control apart from someone investor colecting the scaps at the end. Who will that be?
Hey Belg. Can I ask why you are so confident DPC will survive that you are buying it at these levels? I am a shareholder of DPC and this is the only freaking DOG I have in my portfolio. I am just wondering if I should hold or buy more at these levels.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
Hey Belg. Can I ask why you are so confident DPC will survive that you are buying it at these levels? I am a shareholder of DPC and this is the only freaking DOG I have in my portfolio. I am just wondering if I should hold or buy more at these levels.
Trust the chart & wait for it to turn (if ever - maybe in 1c to 5c range)
"DPC...will there be an agm?.... not looking like it... Personally i think its almost beyond their control apart from someone investor colecting the scaps at the end. Who will that be?"
You did not comment on my last post re Ace Payroll.
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Originally Posted by belgarion
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