“Cheap & Nasty” – is that a description of the share or indeed Jim Mellon’s management? Maybe if he lost their serial loss making contracts division they could return to profitability and return some value to long suffering SYG shareholders –it appears that the only thing that Speymill contracts seems to have done is various building works for the board’s private residences, hopefully they at least managed to make a profit out of this work. As you correctly imply, it is time for Jim Mellon to step up to the plate and prove that he is not just (sic ) a “Bubble Boy” and can actually manage a business through a recession. Let’s give him the benefit of doubt as I am sure if he really wants to he will make a success out of Speymill
The aggregate value today of the outstanding Loan Notes is € 2.088 million and Speymill has agreed to accept €1.86 million combining both principal and interest, subject to immediate payment and in full and final settlement (the "Settlement"). The Company has received the funds which will be used to support the Company's working capital
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