Topic: CHEMPAK

[rosebud]

Went to a GC, yesterday & saw the shelves , with lots of Chempak, made an inquiry about it they said they haden`t heard it had gone into recievership, so fingers crossed for you F O S, that you can get some.

[Baccy Man]

I was under the impression they called in a financial recovery specialist in November to agree a company voluntary arrangement (CVA) rather than go into receivership, the basic difference being that their assets won't be sold off to pay debts as long as they can make the payments they agree to in the CVA. If it works out it is likely the company will be operating for a long time yet.