V/A looks likely (see below). Sympathies to holders.
Prime Media may write off destra investment
10:58, Thursday, 13 November 2008
Sydney - Thursday - November 13: (RWE Aust Business News) - Prime
Media (ASX:PRT) said today that, should a receiver or administrator be
appointed to destra Corp (ASX:DES), and there is found to be no value for
equity holders, a likely consequence is that Prime will write off
its entire investment in destra which, after previous write downs, is in
the order of $9m.
V/A looks likely (see below). Sympathies to holders.Prime Media...
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