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MP is only trying to re-educate...
What we read, see and hear in any country is what we are supposed to read, see and hear...
Need to think outside the box and dabble with being a contrarian.
Unless you are happy with your eyes wide shut that is.
What they really need is someone to come in and pay off their debt...
Not publishing the interim results so being forced into a temporary suspension is a strategy to stop the sp tanking even more. The current sp as an indication of the value of the company has now become fictitious and irrelevant as it is based on sentiment and speculation only. The true market price is what anybody is prepared to pay for it, yes it could be less than the current market value but IMO it will sell for many multiple times more. We shall see.
Exactly, the business model looked fine, now it is not, so you adapt or perish.
There are too many establishments. Severe pruning is required to survive the current climate. But survive it could until better times ahead. Long term investment? Yes and would be fine by me.
A new government that is not as tight with the purse strings would definitely help though... :-)
Sentiment (or Shorters) could drive this down to below 0.1p. The real value is what somebody is prepared to buy it for should they want it before insolvency beckons (6-12months IMO unless the board can radically change their business model that appeases creditors and attracts investors)
I shall do what amateur investors are good at, I'll keep my shares and hope for the best...
Most of the value has gone anyway...
Too early.
IMO insolvency is probably 6 months a way, 9-12 months if they sell 20 soon.
I think they'll sell lock stock and barrel, maybe even get better than current market value...it's peanuts now if you factor in goodwill etc...
This relates to UK but Caymens companies liquidation procedures can't be that much difference.
https://www.companyrescue.co.uk/guides-knowledge/guides/what-is-the-difference-between-voluntary-liquidation-and-compulsory-liquidation-4065/
The only advantage I can see is that the involuntary liquidation process takes longer...
Yes Looed and I wonder why?
All will be revealed in the coming months I guess.
This is no ordinary company you know... :-)
No, it has not been struck off.
However SN is a businessman at the end of the day, so don't expect any charity.
The only reason I can see that FRC will carry on is because it has to, why?
Here are the usual suspects:-
money, politics, power...
Geo-political issues are at all time high don't you think
It cannot be sruck off until all the creditors have been paid, or at least happy with the insolvency.