MXQ 0.00% 2.3¢ max trust

Ann: Max Trust Market Update - Asset Sales , page-3

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  1. 189 Posts.
    have been following the Glitnir creditors reports etc and was hoping for a bit more. But now it looks like the Iceland government is going to play hardball with the creditors and make them take even more of a haircut so I guess 1.7million is a reasonable result. What is does do is pave the way for a quick disposal of all assets with one of the more difficult realisations achieved albeit a small one.

    I am hopefully that 20 June will be the finish of all assets and a quick return of 40-42 cents. As long as they can achieve previously stated market values there is no reason to continue on. there is no difference between holding assets and getting a interest rate return than selling them and return the cash to us so we can go and invest somewhere else. It has been a great investment but I hope the end soon and its clean and quick.
 
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