Post by jesbengtsson on Jun 29, 2014 14:40:57 GMT 1
On its latest (sic!) update on PRC's defaulted loans and the risk sharing agreement with PRC, in June 2013 (http://blog.myc4.com/2013/06/21/update-on-prc-2/), it was stated that
"PRC is currently in the process of liquidating the bonds used as risk cover, and as soon as we receive these funds, they will be returned to investors."
This is beginning to have the air of an insurance, which always works perfectly - except on the day lightning strikes and you need to cash in. Can we please get an update?
"PRC is currently in the process of liquidating the bonds used as risk cover, and as soon as we receive these funds, they will be returned to investors."
This is beginning to have the air of an insurance, which always works perfectly - except on the day lightning strikes and you need to cash in. Can we please get an update?