Nothing changed
Company borrowed money
Company gave full security over the assets of the company to the lender
The company as expected failed to repay the loan
The assets was taken over by a receiver on behalf of the secured creditor who sells the security it held which was granted to them in feb 2023 I think
Directors and managers no doubt thoight it was in the best interest of shareholders to enter such a loan agreement - no doubt they got paid huge salaries to the end - the end being the loan wasn’t repaid as the managers failed to execute their plan - secured creditor moved to protect their position and took all the assets tba management pledged
it’s that simple-
who paid 300 bucks to find that out and now thinks poor choice Of lawyers needs counseling imo
TBA Price at posting:
2.6¢ Sentiment: Sell Disclosure: Not Held
(20min delay)