IGE 0.00% 13.0¢ integrated green energy solutions ltd

Ann: Major USA Transaction Finalised, page-24

  1. 661 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.