Member Info for Bongobondhu

Go back to school or get treatment from mental hospital

Jpp8788

You need to go back to school

Jp,

these two figures does not make even a million pound.

this is below 1m

Forget to mention about creditors

there is no secured creditors nor freefloat chargeholders

only employees and hmrc etc

so as far administrator reports not much debt the company has.

Hilco auctions sales not included in administrator reports.

Significant assets not included in the sale of business and assets from Sunderland.

also Dutch subsidiary investigating to find any value, so to j/v India. we know j/v is profitable so some sorts of value to be added. so the next update will be important for shareholders.

Https://www.ey.com/en_uk/saietta-group-plc-and-saietta-sunderland-plant-limited

Exedy paid £2.46m for saiettas assets

and 49% vna j/v still to be value.

Sounds doesn't looks good to me

saiettas assets book value £30.8m expected to sell £3.6m

this is excluded 49% vna joint venture.

https://www.ey.com en_uk sale

Shareholders may be entitled to receive payments.

I've received a letter from my broker today that the shares cannot be held in Crest account because company delisted.

so they are going to issue me share certificates.

usually they despair when delisted,

it's happened to my (iog) shares in September last year.

but this time why they're issuing share certificates is that mean it's not over yet.

If anyone has account with Jarvis must have received a letter like myself.

Who is the new owner

Shareholders are the last group to receive payments,

after fully paid secured and priority creditors.

Hilco may have started selling saiettas assets auction started 22/04/2024 ends 29/04/2024 can be found on Google (hilco auction)

If it's going to be a 200 bagger.

Well I am going to be a millionaire

Interesting article if sed asset get sell similar amounts than sed share holders will not walk away with empty bags surely.

Guys I have received a letter from my broker saying that the company recently announced a corporate action,

Is this any good or is it the end game

Real fun just started watch the sp close around .90

If positive news drops could do 2000%

From yesterday's low already 200% up

Sed is rocketing now