Private equity firms wait for bankruptcy filings and the cancellation of existing stock before buying assets out on the cheap. The unpleasant reality is that for many firms with debts coming due in the next year or two, unless they have exceptional operations, their stock may end up being worthless.
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Add VXL (ASX) to my watchlist
Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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