IGE 0.00% 13.0¢ integrated green energy solutions ltd

Ann: Major USA Transaction Finalised, page-24

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 662 Posts.
    lightbulb Created with Sketch. 106
    You would have to say that this announcement has seen IGE rising like a phoenix. It does however seem remarkable that lenders are prepared to advance these funds when considering the lack of success in another company involving IGE directors:
    https://www.ferrierhodgson.com/au/-/media/ferrier/files/documents/corp-recovery-matters/dickson-and-dickson/total-compression-solutions-pty-ltd-s439a-report-to-creditors.pdf

    3.6 Events leading to our appointment
    Set out below is a summary of the events leading to our appointment to the D&D Group:
    Date Event
    24 November 2015 OXC Bidco acquired the shares in D&D
    November 2015 – April
    2016
    Approximately $7m in additional funding provided by OXC Bidco to fund the D&D
    Group’s working capital requirements. Additional funding provided by other Obex
    group entities of approximately $385k post April 2016.
    April 2016 Paul Dickson and Dianne Dickson cease to be office holders of the D&D Group
    May 2016 Former COO Stuart Clark leaves the business.

    I don't recall reading any reference to these matters in the prospectus but I wish IGE directors more success in current ventures.
 
watchlist Created with Sketch. Add IGE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.