Insolvency Guardian Media Centre
An Amsterdam-based cryptocurrency exchange is facing an uncertain future. Blockport has declared bankruptcy after its security token offering (STO) failed to meet its minimum expectations last month.
Blockports STO failed to reach its soft cap of 1 million ($1.13 million) in May. Shortly after, the company filed for and was declared bankrupt, according to recently found bankruptcy records.
Since our first equity fundraising (STO) round was unsuccessful, we cant uphold our planned growth trajectory and therefore have to significantly scale down our operations and team, Blockport founder Sebastiaan Lichter told Hard Fork.
The Blockport STO launched on April 16 and ran until May 15. …
Read the full article at: https://thenextweb.com/hardfork/2019/06/04/blockport-bankruptcy-cryptocurrency-exchange-sto/
TORONTO, June 3, 2019 /PRNewswire/ –GreenSpace Brands (TSXV:JTR) (“GreenSpace”) today announced the completion of the final phase of the restructuring of its operating model, the appointment of 2 new Brand level Presidents, and the departure of its COO, Aaron Skelton to pursue other opportunities in the industry.
The announced restructuring creates three new brand-level Presidents who will lead the Central Roast brand, the Go Veggie/ Riot brands and the Love Child brands respectively. Chris Renner has been appointed the President of Central Roast to oversee all day to day operating activities for that brand, in addition to his current role as the Head of Canadian Sales. Chris has extensive general manager experience in prev…
Read the full article at: https://www.prnewswire.com/news-releases/greenspace-brands-announces-the-completion-of-the-final-restructuring-of-the-business-and-the-departure-of-its-coo-300860962.html
The gold mine at the centre of WAs latest corporate collapse will remain open while insolvency experts assess what can be salvaged for creditors owed more than $100 million.
Administrators from FTI Consulting were called into Gascoyne Resources by its directors on Sunday, only weeks after raising $24.5 million from shareholders and creditors through brokers Hartleys and Argonaut to shore up its balance sheet.
In the absence of a recapitalisation, the collapse has wiped out the holdings of nearly 2600 shareholders, including creditors NRW Holdings and Commonwealth Bank.
Gascoyne had struggled over the past year to overcome problems at its new Dalgaranga gold mine near Mt Magnet, where production and gold grades have fallen well short of expe…
Read the full article at: https://thewest.com.au/business/mining/what-can-administrators-salvaged-from-gascoyne-resources-collapse-ng-b881219739z
Pedestrians pass in front of a Forever 21 store in New York.
Scott Mlyn | CNBC
Forever 21 is exploring restructuring options to shore up its liquidity as the fast-fashion giant struggles with its business, a person familiar with the situation said on Monday.
The company is in talks with private equity firm Apollo Global Management about raising debtor-in-possession funds to provide financing should it file for bankruptcy, the person said. The person cautioned that no decisions have yet been made.
The talks come as the apparel industry continues to struggle amid sweeping changes, including the shift of more purchases online. Many of the most troubled retailers, like Forever 21, are located in malls, where fewer shoppers are spending their mo…
Read the full article at: https://www.cnbc.com/2019/06/03/apparel-giant-forever-21-exploring-restructuring-amid-retail-woes.html
Do bills from credit card companies, doctors, your cable provider and your cell phone company stuff your mailbox? Are you struggling to pay all these bills, and are past-due notices sprinkled in with these bills?
Consolidating your debt might provide financial relief.
As the name suggests, in debt consolidation you combine several of your monthly debts into one new loan. The goal is to leave you with a single monthly payment that you can afford and to reduce the interest you are paying on your debt.
Its not surprising that many consumers might consider debt consolidation. Statistics show that credit card debt is rising across the United States. The Federal Reserve Bank of New York reported that U.S. households added $26 billion in credit…
Read the full article at: https://www.quickenloans.com/blog/debt-consolidation
TORONTO, June 3, 2019 /PRNewswire/ — GreenSpace Brands (TSXV:JTR) (“GreenSpace”) today announced the completion of the final phase of the restructuring of its operating model, the appointment of 2 new Brand level Presidents, and the departure of its COO, Aaron Skelton to pursue other opportunities in the industry.
The announced restructuring creates three new brand-level Presidents who will lead the Central Roast brand, the Go Veggie/ Riot brands and the Love Child brands respectively. Chris Renner has been appointed the President of Central Roast to oversee all day to day operating activities for that brand, in addition to his current role as the Head of Canadian Sales. Chris has extensive general manager experience in previous roles …
Read the full article at: https://www.gurufocus.com/news/888841/greenspace-brands-announces-the-completion-of-the-final-restructuring-of-the-business-and-the-departure-of-its-coo
