re: mounty and the rampers ring I am not mounting anything,its Monty, and I am 6'5" tall
and say the following to balance the argument.
"Discussions this morning re Multelink, owned under 20% by SSI, needs to be
clarified.
SSI owns this as a passive investment.
Multelink's profit has actually been rising of late but its historical debt, relying on trade
creditors mainly telcos to finance its operations, has caught up with the
company.
It is the accelerated repayment to these telcos that may have caught the
company in a squeeze. However, one must balance explaining the position of
Multelink to Hotcopperites in direct answer to the post, that "this is a voluntary
administration, quite unlike a creditor appointed administration, that will
end up improving the financial position and balance sheet of the company
with a substantial portion of trade debts written off.
The administrator's appointment has not been challenged but has been confirmed by all creditors, that even the administrator has told a number of people and the Multelink
staff that he expects the company to come out of administration very soon."
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