RE: Needs investigating28 Apr 2024 10:20
Thanks for latest insights guys, I found a link lately & made some written notes from it, but it seems I can't open today. It's from drinks business .com 16th April. It states "Forced into rescue discussions will see it fall into liquidation or administration. Last August INL Investments backed East Imperial through the issue of convertible loan notes. Last week's update said it issued a convertible note instrument to East Imperial in August & a deed of share charge in October"
My point is, I am not aware we were informed that a ' share of deed charge' was linked to this convertible loan. I've never heard of this share of deed charge and it's not pretty reading; it's a security interest over East Imperial's shares apparently.
Not of huge significance now given our current situation, but I wonder if there'll stick to issuing the Full Year's Results next couple of days & maybe at the same time, we'll hear the latest on INL's intentions.