I have been speaking to the administrators and it looks like the company will probably be handed back under a deed of arrangement. There are 3 investors willing to put money in to get the company going again. The details of the deed should be known in a few weeks and the creditors will vote on it by July 20. Under this scenario the directors get the company back to trade again and by then the orders should be flowing in. MSC will be very profitable once it is selling. Let's hope there are no more hiccups.
I have been speaking to the administrators and it looks like the...
Add to My Watchlist
What is My Watchlist?