15225 replies to this topic

[Squideye]

Bosbefok TT...

 

Update

 

...'We're fine' 

 

Former Tekkie Town CEO Bernard Mostert said after the ruling was delivered on Thursday that he and colleagues were "fine with the process". 

 

"We have always accepted that our matter will run to the highest court and will set a precedent as to how the victims of fraud are treated and how those responsible for the fraud and those who obstruct the ends of justice are prosecuted," he said in a statement.

 

"While Steinhoff is in a rush to conclude a settlement that will allow the proceeds of the fraud to be distributed to parties who were not defrauded, we are in no rush at all."

 

A date has not yet been set for the SCA to hear the matter. Steinhoff previously promised to try and have the hearing expedited. 

 

https://www.news24.c...n-case-20211028

 

 

[Tiekkie]

I'm up 90% as of closing today.... he'll I'll be holding on

[Sleepwa123]

From a risk point of view I suppose it would be best for them to hold the liquidation hearing as a secondary defence.

They probably believe that they have a strong case for the jurisdiction case and I think TT old boys may also think this hence why they are fighting against it with everything they have got.

Would be silly not to use every chance we have to throw their case out.

[Squideye]

https://www.sharenet...0&seq=63&scode=

[Junz]

when can we expect the news from slingers , today still ?

[DeltaHedge]

For me the big rise is going to come once TT old boys become SNH friends!! Then a guarantee of the GS. I Then expect a R12!!! Green beer time until then!!

So we know on paper the assets fall short of liabilities but if each subsidary was valued independently using these crazy multiples valuation experts apply, then surely what the businesses would be sold for would far exceed liabilities?

[DayTraderDad]

For me the big rise is going to come once TT old boys become SNH friends!! Then a guarantee of the GS. I Then expect a R12!!! Green beer time until then!!

If the SCA rejects the appeal then we back to the R2's!! At present there is a lot of gambling and algorithm trading.

[DayTraderDad]

We need her up 50 bucks, then we dop

For me the big rise is going to come once TT old boys become SNH friends!! Then a guarantee of the GS. I Then expect a R12!!! Green beer time until then!!

[DeltaHedge]

We need her up 50 bucks, then we dop

[DayTraderDad]

that was Jeff's rocket. I want the flacon9 kind of takeoff

Haha I think the people forgot to fuel the rocket!!! Nothing changed but the Germans got excited!!!

[GutfeelTrader]

Wonder how urgently the appeal can be heard?

[Junz]

Boom!
Rocketing now
Good news in the pipe line

that was Jeff's rocket. I want the flacon9 kind of takeoff

[Tiekkie]

Boom!
Rocketing now
Good news in the pipe line
😃

that boom faded out quickly

[Tiekkie]

I seem to hear this a lot but as someone who isn't the savviest of people...

What does this mean for the GS?

if the Supreme Court rule that SNH can't be liquid in SA then the GS will take place in January...

[DOA123]

I seem to hear this a lot but as someone who isn't the savviest of people...

 

What does this mean for the GS?

 

 

[Tiekkie]

Court grants Steinhoff leave to appeal on contested jurisdiction in liquidation case https://www.news24.c...n-case-20211028

[Batra]

Boom!
Rocketing now
Good news in the pipe line
😃

[DayTraderDad]

Advocates brunch at the V&A...? 

Whow something leaked in the brunch thing they were hugging each other!! Hahah

Edited by DayTraderDad, 28 October 2021 - 11:48 AM.

[DayTraderDad]

What is going on with this erratic trading this morning....

Its day traders playing!!

[Tiekkie]

What is going on with this erratic trading this morning....