Many thanks for this, Alex. Progress by inches/ cms but progress still.

 

Regards,

 

Marianne

 

Marianne Quinn

 

Level 3, 115 Stuart St

PO Box 20, Dunedin 9054

 

+ 64 34773115 or + 64 211612050

 

 

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.