IMHO, it appears Stream Australia went bust holding debt (of the Stream Group?) but no assets. Luckily Stream Australia had no commercial association with the other entities of SGO. Once an understanding is reached between the administrators and Stream Australias' creditors ( involving the usual recriminations and odd head?) this will leave the board to carry on a streamlined and profitable? UK and NZ businesses along with the software and what's left of Cerno (Stream Customised Claims?) in Australia. It'll be interesting to see where current S/H's fit into the plan along with what plans the 34% share holder in the UK business has. GLTA
SGO Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
Stream Australia had no commercial association with the other entities of SGO. Once an understanding is reached between the administrators and Stream Australias' creditors ( involving the usual recriminations and odd head?) this will leave the board to carry on a streamlined and profitable? UK and NZ businesses along with the software and what's left of Cerno (Stream Customised Claims?) in Australia. It'll be interesting to see where current S/H's fit into the plan along with what plans the 34% share holder in the UK business has. GLTA
