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Mr million about again?
yup, progress at last and a platform to build back up on and with £1.3mill due as per rns yesterday mcap and sp is out of sync with progress, future look forward potential and cash ...should get better from here, a lot better :-)
RNS results out. A little earlier than usual. First glance, stable NAV and positive outlook for recent investments.
When you do get on the site it seems you have to put the total "Fallimento Mediapolis Srl" in rather than a shorter version of the name. They might need to broaden their search ability...
Morning RKB for some reason I can't log in to the pbv site on my mobile, hopefully will all become clearer
Still seems the million seller is floating about to stifffle any rise
Fallimento Mediapolis Srl
On 26th July 2018 the Mediapolis Land was sold at Auction for €1,958,374.
On 19th September 2019 we are informed that the Mediapolis Land was “sold” for €1,958,400 (maybe company just rounded-up sale value!)
On 19th September 2019 we are informed that after “increasing legal pressure” put upon the receiver in charge of the Bankruptcy to “obtain the proceeds ... “THE AUCTIONEER” has now proposed to the Ivera Court to allocate the total of €1,938,309.98 to “Fallimento Mediapolis Srl”
I am at a loss as to why “The Auctioneer” has made the proposal, should it not have been the Receiver?
It looks like the Auctioneer only took €20,000 but there are no details as to what the Receiver is taking. Obviously he did not get anything from the Farmer even though the Land was valued by a Court appointed surveyor at €3,860,000 almost half of what we are getting. Well that is the Italian system.
Maybe by the time we actually receive the proceeds the Euro and GBP £ will be on a parity of 1:1 so we can all celebrate Brexit for that.
RKB
PS Looks like we only have one more day before tissue man is back.
PPS PBV Monitor: see website http://www.centrostudipbvpartners.com/monitor_client.asp?cln=38246342&trk=1 and input under clients the name of the new Medinapolis and you may see something interesting. FI.Ra.Sid Srl