Comet

[Adrian W]

Someone told me today that optcapita are one of the secured creditors, if true that is clever,

[skwdenyer]

Adrian W said:

Someone told me today that optcapita are one of the secured creditors, if true that is clever,

Pretty standard. Buy business for IIRC £2, lend it money, but secured on the assets. This would be the usual way of operating for almost any business being lent money by owners / Directors / banks / etc. Optcapita won't get back what they put in.

[condor]

Except they received a £50million dowry - so are likely to have made a profit.

[Justayellowbadge]

condor said:

Except they received a £50million dowry - so are likely to have made a profit.

Think they (Comet) have lost 173 million in the last 18 months. 50 mil would have been swallowed fairly quick.

[whoami]

Justayellowbadge said:

condor said:

Except they received a £50million dowry - so are likely to have made a profit.

Think they (Comet) have lost 173 million in the last 18 months. 50 mil would have been swallowed fairly quick.

http://www.ft.com/cms/s/0/cb795b24-46e8-11e2-8b2f-...