Forum Home
Press F1
 
Thread ID: 37953 2003-09-23 00:34:00 Latest on PC Companyy Biggles (121) Press F1
Post ID Timestamp Content User
177199 2003-09-23 00:34:00 This story on IDGNet today:

PC Co warranty future unclear (computerworld.co.nz)

Excerpt:
"As I understand it, and I'm not that familiar with this particular case, he's repaid the bank loan and therefore taken over the debenture."

This puts Brown in charge of the process rather than leaving it to the bank, which would typically appoint a receiver.

"Receivers would require an indemnity and can be expensive. The alternative is liquidation, of course."

Under Brown's scheme, he will have to sit down with creditors and shareholders and discuss how much can be repaid and when."
Biggles (121)
177200 2003-09-23 03:52:00 Bruce, you are really lowering the tone here. :D You haven't called anyone a crook or cheat; you didn't post what I called "specuilation based on ignorance" when the some of the "free speechers" were trying to make lawyers rich; you've had the cheek to quote facts. :O Graham L (2)
1