I believe Workhorse (NASDAQ:WKHS) is now teetering on the edge of insolvency after indisputably failing its unviable USPS bid attempt. Since my initial report, WKHS fundamentals have deteriorated faster and to a greater degree than even I expected, causing WKHS to lose nearly half of its value. Recently however, investors have become confused again about…
DetailsOn the last day of bidding, the initial public offer (IPO) of HPL Electric & Power was fully subscribed till afternoon trade Speaking on the companys plans for the future, Gautam Seth, Jt MD, HPL Electric and Power told CNBC-TV18 that the proceeds from the IPO would be used to repay Rs 130 crore…
DetailsOn the last day of bidding, the initial public offer (IPO) of HPL Electric & Power was fully subscribed till afternoon trade Speaking on the companys plans for the future, Gautam Seth, Jt MD, HPL Electric and Power told CNBC-TV18 that the proceeds from the IPO would be used to repay Rs 130 crore…
DetailsGetting out of debt isnt easy, and while theres plenty of practical advice to help, the psychological toll is a huge, often-overlooked obstacle. When you feel utterly powerless against debt, it only makes the process more difficult. While it takes money to get the job done, shifting your mindset to an empowered one will help…
DetailsA proposal designed to stop illegal phoenix activity being actively considered in New Zealand could be similarly adopted in Australia, potentially saving billions of dollars. Illegal phoenix activity which involves directors intentionally liquidating companies after shifting their assets to new (phoenix) companies to defraud taxation authorities, trade creditors and employees is widespread in Australia. A…
DetailsIt’s amazing the allure of ignorance. People gravitate toward a life of “winging it” to escape the realities of the necessity of budgeting. Whether you make bank or barely enough to eke by every month, escapism is a Band-Aid that just delays the festering. It doesn’t prevent or heal; it merely distracts for a time.…
DetailsFormer Blue Chip boss Mark Bryers. Photo / NZME The director of a group of companies that former Blue Chip boss Mark Bryers helped run in Australia has been declared bankrupt owing A$12.8 million ($13.2m). Stephen Peter Lacy filed a debtor’s petition earlier this month with the Australian Financial Security Authority. Four banks were the…
Details[embedded content] How do we top this? That was the question Alexandra Blossom Festival organisers were pondering after a massively successful 60th birthday celebration over the weekend. Fine weather, a bumper crowd, great atmosphere and masses of activities combined to make a memorable occasion, organisers and patrons said. “What on earth do we do next…
DetailsSwapping the west coast of Australia for North East England isnt a choice thats made by many, but for Neil Harrold, its one that has served him well for over a quarter of a century. Born, raised and educated in Western Australias state capital Perth, Mr Harrold qualified as a solicitor and barrister there before…
DetailsShutterstock photo (RTTNews.com) – EnerNOC Inc. ( ENOC ), a provider of energy intelligence software or EIS and demand response solutions, said it is restructuring its subscription-based EIS business to refine its focus to select industry segments and high potential customers. This includes an immediate reduction of its global workforce by about 15…
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