its worse than we thought

Guys

If you read or remember the history of NMS aquisitions you would be very nervous.

TriServe directors x 3 are now eligible for their payout after three years of service as part of the aquisition. My understanding is they are owed just under A$10m. Its due now and they can't be paid.

The owners of Seastruct are due to be paid out very shorty as their three years are up as well (around A$2-3m).

Rope Access are due a smaller payout late next year.

LinkWeld should have been paid out early this year (hopefully).

You need to add that to the A$40 odd million NMS owed in loans what the NAB and other financial institutions.

Not to mention the rumour NAB have placed a freeze on the cash ($16m) left over from the IRM failed purchase to protect what is owed them.

NMS are in deep do do...