"As Motive Television plc is still not liquidated. Shareholders are ultimately owners of the Business, and as such, fully responsible for any shortfall in settling the Company's debts and potential future liabilities should they be called upon to pay the Court costs in the future Administration." =====
This is total nonsense. PLC shareholders have no liabilities whatsoever unless they have acted illegally.
Come on! Can you provide me with a company were shareholders ended up paying court costs!!? So loan and debt holders are in front of the queue for any repayments from asset sales/liquidation but shareholders pushed into the front of the queue for any court costs - makes me sick... GedW - perhaps you might think differently if any of your investments ended up delisted and in the same situation... my advice is to concentrate on your own investments as some are still sore here... GL all MTV… Read More
As Motive Television plc is still not liquidated. Shareholders are ultimately owners of the Business, and as such, fully responsible for any shortfall in settling the Company's debts and potential future liabilities should they be called upon to pay the Court costs in the future Administration. A sticky position, but that is the risk of being a shareholder.
Still looking in as a non holder I see... reasons were given on here why (some) shareholders should vote against at the meeting and if you can bother to look back though the posts I recall that a vote did not actually take place at the creditors meeting. Also since shareholders were 99.9% unlikely to get anything back whether they voted for or against the proposed vote - it was not a big mistake! You tell me how shareholders would have benefitted from voting for an orderly liquidation - oh… Read More
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