Providence Resources - Re: Usual Suspects - Think it's going to be...

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Re: Usual Suspects
10:37 17/02/2015
JREwing
0 replies 0 0

Think it's going to be quiet until we get news on whether our suspect Sequa manages to free up or raise funds to proceed. As you say, they have a number of alternative sources. See Sobeit worried TOR Snr sold his shares. Think that's highly unlikely and that ACC took them as collateral for unpaid loan. Thought I saw that JP Morgan in addition to their other holding, now had 8.81%. If so expect RNS to say TOR Snr has only about 1% left. As stated all repossessed NOT sold.

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