06-24-2020, 12:42 PM
It looks about as bad as it could get to me ! ......... Olympus has given a date limit to relinquish ownership of the camera aspect of the company ...... to NewCo .....
....... fund managements are usually set up in order repay depts on a basis of "so many cents on the dollar" ...... and is handled by administrators acting on behalf of the debtors ....... with a duty towards the shareholders .....
It sounds to all the world like the"camera division" of Olympus is preparing to declare the camera division bankrupt ...... awaiting final figures as to actual value of the remaining assets ....... the announcement is made this very day because of legal requirements to do so.
Newco will no doubt be looking at raising as much as they can by stripping assets and finding buyers for that they don't want and keeping what they consider as profitable .....
..... maybe I seeing a darker picture than is the case but saying things are bleak certainly isn't an understatement!
...... even down to optimistically leaving contact numbers ......
....... fund managements are usually set up in order repay depts on a basis of "so many cents on the dollar" ...... and is handled by administrators acting on behalf of the debtors ....... with a duty towards the shareholders .....
It sounds to all the world like the"camera division" of Olympus is preparing to declare the camera division bankrupt ...... awaiting final figures as to actual value of the remaining assets ....... the announcement is made this very day because of legal requirements to do so.
Newco will no doubt be looking at raising as much as they can by stripping assets and finding buyers for that they don't want and keeping what they consider as profitable .....
..... maybe I seeing a darker picture than is the case but saying things are bleak certainly isn't an understatement!
...... even down to optimistically leaving contact numbers ......