Zombie companies on the rise in Australia – Money magazine
Zombie companies on the rise in Australia Money magazine Read the original article here
Oragenics, Inc. Announces Conversion of Preferred Shares and Elimination of Liquidation Preference
Oragenics SARASOTA, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) — Oragenics, Inc. (NYSE: OGEN), a biotechnology company advancing innovative treatments for brain-related health conditions, today announced the conversion of its remaining outstanding convertible Series A and Series B Preferred Shares into common stock. The conversion helps simplify the company’s capital structure and eliminates approximately $2.35 million…
On Bay Street, bankruptcy advisers profit from economic pain – and charge $1,300 per hour
Open this photo in gallery: Court-appointed receivers and monitors who take control of companies now routinely bill about $1,100 an hour. These fees are considered senior claims in a bankruptcy or restructuring, so the advisers get their cheques before anyone else gets repaid.Adrien Veczan/The Canadian Press In 2010, brothers Sam and Jasvir Johal started a…
Company collapses right before Christmas – news.com.au
Company collapses right before Christmas news.com.au Read the original article here
Rival hospital operators circle Healthscope – The Australian
Rival hospital operators circle Healthscope The Australian Read the original article here
Luxury Australian fashion retailer goes into liquidation owing $12.5 million to creditors
Australian luxury fashion retailer Harrolds has collapsed while owing more than $12 million. The four entities that make up the Harrolds Group were placed into liquidation at the start of October. In a statement provided to 9News, liquidator SMB Advisory put the department store’s collapse down to the difficult post-pandemic economy. A shoe display at…
Moochies smartwatch claims to keep kids safe but parents say it is a rip-off
It’s a smartwatch that promises to help keep children safe, but parents who have bought a Moochies device say it shows their kids are hundreds of kilometres away from where they actually are. It’s just one among a slew of complaints customers have against the watch seller — from incorrect charges to difficulty cancelling plans.…
Major Australian fashion retailer collapses into voluntary administration – The Northern Daily Leader
Major Australian fashion retailer collapses into voluntary administration The Northern Daily Leader Read the original article here
Major construction company goes into voluntary administration – MSN
Major construction company goes into voluntary administration MSN Read the original article here
500 jobs gone as iconic fashion retailer shuts down – The Australian
500 jobs gone as iconic fashion retailer shuts down The Australian Read the original article here