ETC entertainment media & telecoms corporation limited

re: savings lost/not at all marikthe company has not been wound...

  1. 1,048 Posts.
    re: savings lost/not at all marik
    the company has not been wound up
    it is in receivership
    this basically means that a bank or other lender has a charge over its assets
    last I heard the usa and canadian branches were saleable
    if the receiver satisfies his own debt from the proceeds of the two sales, closes down the aussie business, and there is money left over, you will still have some value in your shares
    if there is not enough to pay out the debenture holder, they still cannot take ownership of your shares, so in the end you will get something because the shell will have value to a new round of entrepreneurs
    good luck
    hitched
 
watchlist Created with Sketch. Add ETC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.