I like the ETWG.
They rank ahead of ord and pref shares but behind creditors.
They have a face value of 1.00 and pay 8.25%
Looking at the half year rpt,ETW should have enough assets to cover the creditors and the ETWG holders should liquidation of the company occur.
As for ord and pref shares,I don't think so.
Things have changed a bit since then(on the downside) so will need to wait for 2005 annual rpt to reconfirm value of company assets.
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I like the ETWG.They rank ahead of ord and pref shares but...
Add ETW (ASX) to my watchlist
Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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