News

Strategic Finance now unsure of first payment

Monday 14th of December 2009

In a letter to investors, chairman Denis Thom said it needs to compete several sales before everything shuts down for Christmas. If this dooesn't happen it is unlikely to have the cash to make the January 7 scheduled repayment.

Strategic may also have to boost its provisioning.

Thom said company's performance is "running behind that contained in our moratorium forec...

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