EISB.L Share Price (EISB)

Thank you for your responses. aloosemarble.

I guess this goes to show the nature of the man Tony Burt and how he has got himself added to the pariah list for future investments.

I do wish it were possible these directors were made to repay their earnings for overseeing such an absolute shambles. There's a public video of TB lieing through his teeth before (or during) this going bust, and what made me smile especially, is the company who he used for the interview are on the list of creditors awaiting some form of proceeds from the liquidation!

Couldn't make this up!

Sadly I'm not up to speed on the process / legal side. If I recall, the shares in the Singapore company were put on the line if the loan note was called by INL and couldn't be repaid. As it couldn't be, the shares themselves were transferred to INL, so I guess as it wasn't a cash transaction, the value side is largely irrelevant.

Of course, as shareholders in the PLC, what do we own a share of? Shares in the UK holding company, which in turns holds shares in the NZ trading company, which is in administration. Even if the brand did have some value, without a successful trading company, it arguably isn't worth much in reality, let alone on paper.

I would not expect to get anything out of the process once Deloitte have had their fees.

Where do you think this leaves shareholders of the PLC? I am guessing the only thing of value, Brand and IP have transferred to INL, with a valuation of roughly 2.3 million? But would they not have to undertake an appraisal given if it was worth more, Shareholders would have some entitlement?

A new website. The brand is owned by the Chinese, but a local company in NZ has the rights to produce & sell East Imperial products anywhere in the world. TB is gone, nothing to do with the new company, who contract produced East Imperial products previously.

New or old website?: https://eastimperial.co.nz/