Hello everyone.
The New Rumasa request to invoke the Bankruptcy Act very quiet has not stopped the allegedly more than 5,000 investors who chose to participate in the issuance of promissory notes of the holding of Ruiz Mateos.
What will happen to these notes? In principle the situation is pre - bankruptcy, ie, affected companies will have four months to renegotiate the debt with suppliers and try to reach an agreement, two of the four companies issued promissory notes at the time, and Hibramer Carcesa, would raised an amount close to 92 million Euros. Investors who are in possession of these investment securities are really unsecured creditors of the companies that issued them with what is placed second in the hypothetical order of priority for the payment of their debts ahead of them, would place priority creditors ... which are not few: La Hacienda tax, social security, workers of the company and all those who have guaranteed their debt with a mortgage , such as a bank. As we see, come second in this race does not guarantee anything when there are so many top ...
To make matters worse, some of these creditors eligible for, or availed of in the past, to exchange their notes and related receivables for shares of any company with which, in fact, have only back even further in order of priority because they happened to be placed last , behind any type of creditor.
If we are right, those are the sludge powders ... The CNMV, once alerted on time and on many occasions warned about the dangers of investment was specifically designed to avoid passing through the filters and controls the Commission established securities market for this type of financial offers, in addition, companies were formed in guarantors of the operations are, at best, undercapitalized and low asset is thus hardly able to support anything when you really have to.
the maximum financial worth recalling what "a higher return, higher risk" and wary of yields that are well above the market and that the rush to get money from others may indicate ( but not always. ..) that there is a hole to be uncovered in a hurry.
Greetings!
www.NLSasesores.com
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