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re:MOJO in administration, I overheard a conversation yesterday about mojo, the jist was that mojo is looking to do a prepack insolvency, which would mean that they intend to start up a new company but keep all the existing stock (your stock). All they will need, according to this converstaion, is to persuade the administrators that it is simpler to allow them to 'buy' the stock on the cheap, and not put the stock out to tender, which would fetch a higher price and might even mean you got your money or goods back. They said that the administrators (Valentines?) are having a meeting on 12/13 March to discuss this. Only the creditors could stop this apparently, but I don't know how to do this! Write to the administrators? The converstaion seemed to imply that if there was enough of a stink about this then the prepack deal could not go ahead. Any insolvency experts out there? Allthis is hearsay and might not be true but I thought I had better post it ion the mojo forums. regards kerst
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