Member Info for yesmerve

Restoration of a medium-sized electronics company group after massive sales and profits slump As part of the plan initiated in the summer of 2012 the process medium SRI Group from Durach has undergone a profound restructuring process in the shortest possible time. From a company focused on corporate structures SRI Radio Systems GmbH and other companies in the SRI group was transformed into a profitable medium-sized companies.

Hartensteiner Straße 85 b 08118 Thierfeld Managing Director: Mr. Gerhard Scheibner The insolvency proceedings were canceled by order of 01.11.2005 on the legal force of the insolvency plan in nine months after the procedure. Insolvency proceedings were implemented by the Board under the leadership of Attorney Jörg Spies, who was appointed to this additional managing director. The insolvency plan provides for a waiver of creditors to 93.25% iherer unsecured claims. The adoption of the insolvency plan relieves the joinery Gerhard Scheibner of liabilities in the amount of EUR 560,000.

Just found some amazing info. The first link is for another German company which were in exactly the same position as us earlier on in the year. The same PKL team have been put in place and pretty much pulled them back to full financial recovery. By the looks of it they have even more customers than before. The second link will prove that http://www.riese-electronic.com/index.php http://www.riese-electronic.com/press-reader/between-info-from-riese-electronic-insolvency-plan-in-house-is-going-to-plan.html?file=files/riese%20allgemein/Presse/2014/Pressrelease-Planinsolvenz-EN-20140701.pdf

http://translate.google.co.uk/translate?hl=en&sl=de&u=http://www.pkl.com/&prev=search PKL webstite translated to English. I'm still digging

http://www.pkl.com/blog/2014/11/20/hightex-beantragt-insolvenzverfahren-in-eigenverwaltung/

I think we're in safe hands pkl Spies Restructuring - Bankruptcy Administration - Legal Services is a company specializing in insolvency administration and corporate recovery firm. With the creation of rehabilitation concepts and their implementation in the context of insolvency plan with self-administration of entry to the Executive Lawyer Jörg Spies is one of the few restoration experts in Germany , which take in crisis situations and operational responsibility in companies. He looked in pkl composite with six other insolvency numerous methods . pkl is represented with 20 certified professionals and more than 70 employees in Bingen , Dresden, Hanover, Berlin , Frankfurt / Main, Erfurt , Leipzig and Kaiserslautern. Lawyer Jörg Spies In addition to classical insolvency administration focuses on the development of insolvency plans , preferably self-administered . For 10 years he regularly occurs in the management of distressed companies and takes over as CRO corporate responsibility for the implementation of restructuring plans

If we were paid the €3.3 million on time would we be at this rock bottom share price. Probably not Would we have had to join a loan agreement on unfavourable terms. Probably not. Would we have been on the verge of bankruptcy. Probably not. And so on Also this non payment has probably damaged our reputation and thrown into doubt any future contracts. PKL said for a four month period. Does that mean they expect a payout within four months?? PKL have obviously created a safety net for HTIG which we actually applied for ourselves through the German courts. Speaks volumes to me. Also a quote from last rns. Charles DesForges, Non-Executive Chairman of Hightex, commented: "We are pleased that the German court has approved the Eigenverwaltung procedure, as the board believes that this is the best course of action to reduce debt levels of the operating subsidiary. We will keep shareholders fully informed as to progress". That statement in itself sounds very forward thinking to me. Not from a company that is just about to go down the shi**er

I hope no one listens to this clown. He's been ramping GGP for months. Now they've tanked 20% on rns he's nowhere to be seen. Funny that