re: mounty and the rampers ring
I am not mounting anything,its Monty, and I am 6'5" tall
and say the following to balance the argument.
"Discussions this morning re Multelink, owned under 20% by SSI, needs to be clarified.
SSI owns this as a passive investment.
Multelink's profit has actually been rising of late but its historical debt, relying on trade creditors mainly telcos to finance its operations, has caught up with the company.
It is the accelerated repayment to these telcos that may have caught the company in a squeeze. However, one must balance explaining the position of Multelink to Hotcopperites in direct answer to the post, that "this is a voluntary administration, quite unlike a creditor appointed administration, that will end up improving the financial position and balance sheet of the company with a substantial portion of trade debts written off.
The administrator's appointment has not been challenged but has been confirmed by all creditors, that even the administrator has told a number of people and the Multelink staff that he expects the company to come out of administration very soon."
GCN Price at posting:
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