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1.2¢ pluton resources limited

Buddy Watpac are unsecured creditors so the best they would get...

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h00ts

46,817 Posts.

8894

11/09/15

09:09

Post #: 15973824
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Originally posted by buddy134 ↑

But not the Chinese. Watpac, possibly like us, will be left sucking on that dry icy pole stick. Who knows...But one would have thought that they would have in place some sort of security for what they were owed, just in case.

The point is, that IMO, the Administrators and Receivers will possibly make a motza out of this, while witnessing the demise of our company.

Those kinds of people don't come cheap mate, and they always has priority over any other creditors.

Now, just calculate how much these HK Chinese have put into the company thus far, and you will soon realise what they will be able to get the whole lot, stock, and barrel of our company.

Dyor!!

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Buddy Watpac are unsecured creditors so the best they would get would be a cents in the dollar offer ( I think they have already written it off on their balance sheet ) - there will be nothing left for retail shareholders ( IMO)

Last edited by h00ts: 11/09/15

PLV Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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