ADY 0.00% 1.2¢ admiralty resources nl.

the hidden time bomb, page-3

  1. 11,407 Posts.
    Canzman...thats not true.

    The creditor was smart.

    If they liquidate ADY...they get their money 2-3 years later...or whats left of it after the liquidators sort things out.

    This creditor gets $3 million up front (about one third)....waits about 12 weeks for the rest, plus an extra million for waiting an extra 8 weeks...and ADY has effectively signed the company over to them if they fail.

    Its such a different picture from what the company has been painting over the past few months.
 
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