To FINISH the Creditor Settlement Plan10 Mar 2025 03:22
"DURING the first quarter of 2025"....that's within 16 trading days including Mon March 31st , the end of the first quarter 2025.
The company will have had to provide assurances to negotiate this extension to the payment, to the Settlement Manager's bank account.
It could be anytime soon.
From the Jan 21st 2025 RNS
Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, is pleased to announce that, further to the Company's announcement of 5 February 2024 regarding the court approval of the creditor settlement plan (the "Creditor Settlement Plan"), the remaining balance under the Creditor Settlement Plan, of approximately USD 400,000, will be distributed to the settlement manager's bank account during the first quarter of 2025 (the "Distribution"). Upon completion of the Distribution, the Company will end its liability under the Creditor Settlement Plan, which will allow the Company to improve access to external credit financing resources to support its operations.