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Can you share with us where it states that the vessels are Junk? as far as i can see it states by RNS there are 11 vessels purchased plus a Barge pole vessel? As far i can see NAUT received these vessels for cancellation of an 8M$ debt that was never going to be paid back, these assets have been independently audited at a value of 13M$ All the above to one side. If the company was to be wound down and cash distributed to shareholders that would equate to 60p per share. Even if the vessels are junk as you say.
PRESS RELEASE SEPTEMBER 27 , 2016 Ericsson and HomeSend p artner in mobile financial service Ericsson - powered mobile financial services gain access to HomeSend’s growing network of money transfer operators, cash agents and banks in over 200 countries Ericsson Wallet Platform will be HomeSend Certified, expanding remittance reach Mobile money users will now enjoy new levels of remittance flexibility, choice and val ue HomeSend and Ericsson (NASDAQ:ERIC) today announced a partnership to simplify and accelerate the adoption of international remittances via mobile across emerging markets. With access to HomeSend’s growing network of money transfer operators (MTOs), cash agents and banks in over 200 countries, millions of Ericsson - powered mobile wallet users globally will benefit from easier and faster international payment services. The Ericsson Wallet Platform is now certified by HomeSend, a joint venture between MasterCard, eServGlobal and BICS that is changing the way money moves around the world by bridging the gap between financial institutions, non - financial entities and mobile network operators. The HomeSend - Ericsson partnership will give financial service providers a low - cost, sim ple and fast way to connect the HomeSend global money transfer hub with Ericsson’s mobile money offering around the world