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Securities Commission calls Dorchester recapitalisation plan biased
Tuesday 15th of June 2010
The regulator said the comparison between the recapitalisation plan and a potential receivership contained "significant bias," and suggested Dorchester's forecasts assumed an improvement in the financial markets and demand for the firm's products, while the receivership's assessment was based on "rapid sales of assets at fire sale prices" and a deterioration in the market.
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