quite serious really----"The Company has previously announced that the Liquidators appointed to NEC and Colton have been investigating whether potential claims exist against the Company or former directors and officers of NEC and Colton. There are press reports today that the Liquidators of NEC and Colton intend to commence proceedings against the Company and certain former directors and officers of NEC and Colton in connection with alleged voidable transaction, insolvent trading, asset transfers and breaches of directors’ duties, in respect of claims the Liquidators estimate to be valued at $174.1 million plus interest and costs. Although the Company has not been served with any proceedings, it intends to defend..."
NHC Price at posting:
$1.37 Sentiment: Hold Disclosure: Held
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