CLH 0.00% 6.8¢ collection house limited

Ann: Collection House Limited - Company Update, page-6

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. 136 Posts.
    lightbulb Created with Sketch. 13
    Basically what they're saying is: Our auditors have confirmed that we're trading insolvent at the moment but we can't release these financials because that would violate our banking covenants.

    Management will now drag it out for as long as they can to maintain their salaries then finally agree to some draconian financing that basically hands control of the company over to a new owner.

    Like i said before, just park this in your bottom drawer. I have already written this nightmare off. Any salvage value would be a bonus.
 
watchlist Created with Sketch. Add CLH (ASX) to my watchlist

Currently unlisted public company.

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