BGC 0.00% 0.0¢ bridge global capital management limited

great news nrg doca accepted

  1. 107 Posts.

    Navy Gulf You and I have been saved by the bell.

    Spoke to Ferrier Hodgson late this afternoon.

    A DOCA has been approved with NRG the best possible outcome for all involved.

    1.The Company stay afloat and relists on the ASX in 3 to 6 months time if a majority of shareholders agree.

    2.The shareholders - no share consolidation or dilution(see page 30 of 2nd Administrators report)

    3. The Employees receive 100 % of their entitlement.

    How good is this, now all we need is the Copenhagen Meeting in Dec to go favourably with a reasonable ETS to allow for 1 to 3% of all Diesel fuels from a Bio-Diesel source on a Global Scale and the share price can only go up from here.
 
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