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27/09/17
13:28
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Originally posted by MagicSeven
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I understand.. Your name is your program..
If we can't meet the obligations we (the small shareholders) are done and out. The lenders will own the whole company and they can do what they want. So they would sell the whole plant with its cobalt and licences or built it up or whatever etc.. so they would get back their loans and sharecapital with the selling of the whole plant. But we not because we are out ..
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They could have defaulted us at any time.
By TGS not meeting month debt repayment, they can claim default on loan and make TGS insolvent.
They havent done that..
Now they have waved it until 2018.
Thats giving shareholders power again.
Last edited by
Nikec :
27/09/17