The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
@Jimb2 - Thank you again. I did hold EQT for a while. I checked out in December (with good profits) as I needed the money at the time. Kind of regret it now...but a lesson learned.
I will surely check out the other companies.
1/13/2021 Joined Petition
Protocol No.: WJMJ.21.40022122-6 Petition Type: Miscellaneous Petitions Date: 1/13/2021 4:27 PM
On the main JRP.
No new information but as it is the first update of the new year, I thought I'll post it :')
Thanks Jimb2. I think I had badly phrased my question. Your references match the one I was thinking of. I used to hold it but joined much later than you.
I won't name it to avoid getting negative attention there.
And I do remember someone putting down the CEO there too. I never posted.
Interestingly it had a lot of director buys before the rise in share price.
Also I have no idea how to directly message you. :')
And hope you get even more returns on your investment. I think battery metals is a great bet in the current market.
@maddog - I think so but I think the article is saying they will get nothing/very little unless a JRP can be agreed and mine is brought back into operation.
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The main argument accepted by the decision was that the guarantee did not find legal foundations or basis for its creation, which is required in case of granting in rem guarantee, as is the case of fiduciary property on movable property and rights, since, in accordance with decision, the creditors – foreign financial institutions not authorized to operate in Brazil – could not have been granted with those guarantees.
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A practical consequence of that decision for the foreign creditors mentioned above is that they went from heaven to hell, as they came from a position of preferred creditor to regular creditors. To make the situation worse, these creditors will be considered unsecured creditors in the collective insolvency proceeding, which, should the debtor in reorganization fail, could mean that this creditor might not recover anything, or at best very little of its credit.
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Very old article but the paragraph before last could be of interest.
http://www.madronalaw.com.br/english/news/jota-2/
@maddog - I think the 3 banks are:
Intesa Sanpaolo, HK
State Bank of India, London
Canara Bank, London
I know the government owned banks in India (both SBI and Canara) are under severe political pressure due to giving out eye watering sums of loans to the mega rich and a number of them having done a runner (I suspect Zamin owner included. :') ). So could be one of those banks. Also government owned banks tend to be super lethargic there as per my friends. I also read somewhere that a large amount of money owed have been written off during the pandemic. Unfortunately didn't really read deeply on that.