RE: maqsood76 Feb 2015 14:16
KNIGELK,thanks for reply.knigelk not all our contracts were loss making,but brazil one!! admin cost and other overheads are in some cases more than the revenues!! but in 2011 we made profit.and would have made bigger profit in 2012 also,but unfortunately the fraud happen and we were nearly doomed!! but now chances are brighter as chapter11 will allow us to protect from creditors and still we can bid for contracts!! i am sure german court would have seen some possibility for future revenue and contracts win,thats why they approved our chapter11 application!! there is always risk,but here reward is far bigger than the risk!!gl.