this is a friggin awesome result people....once again bravo IVR for settling this with a good clean strategy and at a time when the market values Peterlumbo at bugger all..
the cash equivalent of $480 k under escrow for 12 months allows hindmarsh to save face.. but most importantly it delivers IVR 100% of pjv.. and 100% control
forget trying to value Peterlumbo on this deal.. this is all about cleaning up a mess that was not of IVRs doing but is IVRs responsibility to manage..
now they can get on with it free of the shackles and uncertainty of unpaid debts!
New Notice IVR settles with Hindmarsh, page-9
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