NBR understands that, as part of the security for this loan, Mr Serepisos signed share transfer forms giving Mr Dunajtschik 55% of the Phoenix. These forms not yet been filed with the Companies Office.
I thought I read a few weeks back that the loan was taken care of with the sale of one of Terry's buildings - possibly Tory Street, that makes the security irrelevant now???
That's when Dunajtschik made the comment that he wished he'd never done business with him.
What would Dunajtschik want with 55% of the Nix anyway? It's a debt not a wise investment opportunity.
...and I've just caught up. I take it as meaning Dunajtschik doesn't have 55% Royal2011-09-13 16:27:03