DUB 4.35% 4.4¢ dubber corporation limited

Dubber.Dubber.Do., page-8331

  1. 49 Posts.
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    It is a very common ploy in property when an asset's owner/company director is going to be put into administration to "suddenly" have caveats for loans appear that cover the majority of the value of the asset. The other debt holders now have to spend money on lawyers proving that those loans/caveats aren't real. More often than not they don't and the asset goes back into the hands of the original owner. Not saying that's what's happening here. It does happen very often, especially with developers whose projects are about to go broke, and the next day phoenix with the same asset as a result of "sudden" caveats that cover more than the majority of the value of the asset. A well worn strategy.
 
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