India etc.28 Jan 2016 09:55
Just for interest, I notice DQE India dropped 40% from 11th Jan - 21st Jan reversing it's big spike.
Now up today 5% and going north again.
The official record of events :
30 Sep - Requisitioners want EGM, company validating request
27 Oct - Valid request and EGM to be convened but doing DD on requisitioners
11 Jan - DD docs back but process ongoing, EGM a.s.a.p.
So, they've strung the whole thing out for 4 months now and upset the Bondholders to boot.
Have a feeling we may get another announcement pretty soon although the Nomad I've just spoke to gave no further information. We must replenish the Blocked Account by tomorrow "The Company expects to be able to reimburse the Blocked Account by 29 January 2016, but a failure to do so would constitute an event of default."