Quote:
Originally Posted by Dotty
The part I do not get is that you place a deposit then the company applies for 1st stage of bankrupcy,yet they have a license deadline 22nd May(which would be difficult to give to a company that is going into bankrupcy)and Barclays has guarantees upto this date to return money to investors,but what about other investors that may not have taken this route??
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Dotty
All investors at GNG had the bank guarantee.........it was part of the deal!! GS have NOT gone into Bankruptcy. The have applied voluntary administration which is very different and was explained by me in the Update I put on this posting on 14th April. It can lead to bankruptcy but not necessarily.
I think I am repeating myself now!!!