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Ann: Appointment of Receivers & Managers, page-35

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kiraki

37 Posts.

20

08/12/23

11:33

Post #: 71344852
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Originally posted by Indytrader1988: ↑

Thats not what i meant. I meant they have 3.6m asof last 4C in funds and whrre making payment. SO i dont see a reason for receiver unless they want to look at the books and see if its still viable. Ive been involved in a few receivers and admins through peer to peer lending and when they do this they usually keep running it until they see its either able to run on its own and pay the debt or if it cant then they call in the liquidators to sell off assets.
From their wording it seems they want to keep it going.

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just because the last 4c had 3.6m cash doesnt mean they have been paying their creditors..... its probably all gone now on the xmas party

LVT Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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