MASONITE too

[THRESHOLD]

Sad when a solid old company like this calls it a day! Can't understand this based on her balance sheet. Looks more like they have decided to decamp and make this a fair arrangement where labour , creditors and all stakeholders can share the pain.

[prancing_horse]

Bought 4 enterprises from Pierre Berrange, the 1st in '98 and the most recent 3 years ago. The past 3 years I have been leasing a company of which he is the liquidator, the sale can't be finalised due to a pending court case, so when I meet him early in January will be interesting to know the ins and outs of this setup.

[THRESHOLD]

I'll be sure to bug you for info... I think this kind of thing is going to become a theme. It makes more and more sense to focus on optimising your exit than to stick around and wait for the inevitable.

[Preston]

Sign of times i guess.

[prancing_horse]

Just received my notification by email as they're one of my debtors.

[THRESHOLD]

Never nice... I am so glad I am not in business any more!

[klapka]

Very interesting. Maybe a good idea for more struggling companies to do this. Losing money on sales at the mo but still have plenty asset value. Going to be fascinating how things work out. Hope it does. I had forgotten they were even listed. Hardboard will always be masonite to me.