ABQ 0.00% 3.4¢ allied consolidated limited

Are you guys serious? Re-listing?Secured creditors are owed...

  1. 322 Posts.
    Are you guys serious? Re-listing?
    Secured creditors are owed $17m.
    Unsecured creditors are at least another $5m.
    Without Baskins they have no business making any money....

    Cookieman in administration
    Baskin gone
    Kenny's loss making and flawed business model
    V&H loss making, and with a business model change about the only thing with a future.
    Awesome, not so awesome.

    So, where's the value guys?
    If they sell all the business units... they may make...
    Cookieman - $1m?
    Kenny's - $1m?
    V&H - $2m?

    That's $4m vs $20m + in creditors?

    What are they going to re-list with? an empty shell?

    Don't get me wrong, i've got as much at stake here as anyone - but reality check here guys...
 
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