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Samuel
@Piecemeal

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Reviewed City Limouzines

The Scheme looks agreeable, so Vote 'Yes'..

Oct 12, 2009 03:09 AM 4151 Views

(Updated Oct 12, 2009 03:57 AM)

The Scheme which requires votes on 14th and 15th looks beneficial to the investors and the company. It is not very clear just by reading the scheme but an in-depth analysis to the scheme sounds interesting. For Guys who have invested in City limouzines alone, they will not form part of creditors...Read more

Comments 26

Commented on rohit_k's review

Sep 27, 2009 12:50 AM

Looks like this is a piecemeal distribution going on.. When any company is wound up, first the creditors are settled and then if anything is left, the shareholders have to be content with the left overs if any. Only in the case of winding up, is such settlement made.. I have invested in 3 combos and... have just got back initial amount but have got loads of loans to pay!! hope the company doesn't go into any liquidation...but it very much seems so..Read More

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