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0.6¢ merlin diamonds limited

Good points. Can a liquidator freeze assets, and have them...

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jefferies2

8,449 Posts.

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22/05/19

14:05

Post #: 38690488
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Originally posted by Cridz: ↑

The initial court case to proceed may take a year or more, in the mean time what is happening with any assets the company has?
Not much cash left, an unknown amount of diamonds that could be at site/AXIS office/Antwerp?
Probably not a lot of plant and equipment at site of any value.
Possibly staff/contractors wanting payment and probably an assortment of creditors that may have links with the current board.
Getting to the bottom of all this will take time, in the mean time who is holding the assets?

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Good points. Can a liquidator freeze assets, and have them transferred only with the liquidator's permission?

MED Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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