TIM 0.00% 4.4¢ timbercorp limited

WuGinThere is a difference between ‘payment winding up and...

  1. 1,879 Posts.
    WuGin

    There is a difference between ‘payment winding up and repayment winding up

    Payment winding up definition
    ‘The voluntary or compulsory closure of a company and the subsequent realisation of assets and payment to creditors ‘


    If there is a ‘re-payment winding up’, you might be a debtor and not a creditor. In that case you might be obliged to repay the shorted shares or cover back them

    Before encouraging potential investors to buy TIMPB, you should get a layer advice. (Who would interpret those differences properly).

    NJ
 
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