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Value Hunter I suspect that the reason we have not heard any...

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Rick.Wills99

135 Posts.

07/10/15

15:53

Post #: 16131332
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Originally posted by Value_Hunter ↑

Iona

the "step-up" was a once only event ......

the interest rate depends on BBSW - posted the link ......

both are moot - as the company wil not be generating suffievent cash to actually pay any distributions ........as mentioned previously - they used to report tonnes sold .......and no longer do (one could then back calc the margin on paper commodity - and then work out margin on "value added services" ........- it also highlighted the simple fact that the company was selling its "core commodity" for negative margin .......as such (imho) there is still an aweful lot of work required to turn this ship around ........

wonder why there is nil news on the breach event - how long does it take to call up registries - and get a copy of all trades throu two (possibly 3) separate accounts ????????????????????????????????

rgds
V_H

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Value Hunter

I suspect that the reason we have not heard any thing is one or both of the following:

1) The Trustee is waiting on a legal opinion
2) There is a deal being discussed by major holders to end this before it goes further

There might be an announcement soon.

SRS Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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