MON 0.00% 29.5¢ monarch gold mining company limited

The later...monies received for assets will go to secured...

  1. 4,867 Posts.
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    The later...monies received for assets will go to secured creditors first then unsecured which includes shareholders. I'm sure MK will not pay top dollare for the assets, why would he? He needs them cheap as possible for new company. TTY one of the largest creditors will be lucky to see most of their dosh. IRL will be lucky to see any dosh. So were does that leave shareholders, up shit creek without a paddle. My mate has lost $140K in MON. Me I'm stuck in IRL another MK luv child of MON. It's most likely all over for MON shareholders, money and all.
 
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Currently unlisted public company.

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