From:
Alex King via Ucol-shareholders <ucol-shareholders@list.king.net.nz>
Date: Tuesday, 5 December 2023 at 2:57 PM
To: UCOL shareholders <ucol-shareholders@list.king.net.nz>
Subject: [Ucol-shareholders] Liquidators first report.
I hadn't seen it discussed elsewhere, but I see the liquidators have
sent a first report to the companies office. I have attached it here.
One interesting point, they "estimate that the Liquidation will be
completed by 1 May 2023."
By which they probably mean 1 May 2024.
Cheers,
Alex
P.S. Not sure what "Recoverable Prepayments ($2899)" is, but it may be
an insurance refund. Not sure what Estimated Liabilities ($10,000) is,
but it's probably the liquidator's fee. They estimate $143,003 surplus
to distribute to shareholders. That is enough to pay back our
shareholdings and a small dividend as well.