RE: Walko.11 Nov 2018 22:31
Kabisco - what on earth are you on about? insolvency has been mentioned for one reason and one reason only.
This is the inability of BZM to raise funds by issuing more shares as Hudson will not allow it, and seemingly they will not release more funds to bzm through the loan agreement. This has nothing to do with Konta Port.
Hudson/CS will lose $20 million owed to them if bzm fo bankrupt. This is a fact. 6 weeks ago before the rns hit about bzm’s issue with Hudson, Hudson’s stake in bzm was valued at circa £4.5million. Again, a fact.
If Hudson believed the assets are worthless they would keep the gravy train going and issue more shares because a £5 million stake in a company and the chance to get their $20 back is better than £0 and zero chance of getting money back. Do you think we are all thick here ?