Reported News4 Nov 2013 17:09
Travelzest's shares have been suspended from trading on AIM after its primary lender, Elleway Acquisitions, issued a demand notice for repayment of all monies owed.
The company says it unable to repay the monies owed and consequently there is a material uncertainty around its short term working capital position.
Now, reading that which state TVZ is unable to pay its debt !! So calling in the debt, why ? Itravel and cruisemasters or whatever it's called are profitable. So why not allow TVZ restructure finance to make debt manageable unless TVZ is still bleeding losses... Still doesn't feel like the end however Elleway takes over then splits the two businesses up and sells them separately recouping the debt and more... Am I just clutching at straws if so tell me and I'll paste no more and trawl back to BMN......