This is strarting to look very bad. I hope its just the Allco link. They do have a large amount owing in May, if Allco cant refinance what chance this tiny mob?
I wish they could just sell all their assets and return the NTA to shareholders.
It should be a no brainer with NTA backing. The thing that scares me is wheher some of their assets arent listed on a market. What I mean , is does this mean they are shown fully in their NTA at cost (you only mark to market if there is actually a markt - if there is none then you show at cost - minus impairment test). If SG ask for their money back and their is no market for the assets then their NTA figure is worthless. Anybody think otherwise?
AXQ
allco max securities and mortgage trust