I was responding to the concept raised that the secured creditors should stop the sale - when it is in fact the secured creditors that are relying on the previously praised talents of K&M who are handling the sale. K&M are looking for an offer to satisfy the top 2 secured creditors requiring ~ $230M. Yes it's a rosy outlook but where's the offers? The forecast global shortages didn't appear in 2015 - in fact the opposite with rising stocks and falling prices and the Directors apparently doing the right thing (is there anything in Ferrier Hodgson's 29 March 2016 Report issued Pursuant to Section 439A of the Corporations Act to suggest otherwise?) and placing the stock in suspension while (since then unsuccessfully) seeking refinancing.
- Forums
- ASX - By Stock
- All over done and dusted
I was responding to the concept raised that the secured...
-
-
- There are more pages in this discussion • 678 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MBN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
NXD
NEXTED GROUP LIMITED
Nick Poll, Managing Director
Nick Poll
Managing Director
SPONSORED BY The Market Online