NDR isn't replacing Metwood in the GEG fiasco, Wilma
Putting NDR people into UBRG could be a first step in dissolving NDR. The second step would be to have UBRG step into the contractual shoes of NDR.
By 'merging' both companies in this way UBRG does not have to go through the process of pre-qualifying, to be on any list of approved suppliers. They simply take-over the positions, and contracts, held by NDR. And for clients, who continue dealing with the same people, there's no real change.
Turning to Metwood.
It seems to me that the GEG fiasco was doomed to failure for so long as Metwood had a real business, and GEG had no cash.
The deal between Metwood and GEG created a massive inventory of shares. That inventory could have been used as collateral for convertible loan notes, sold by Rainco (ostensibly to finance Metwood).
My guess is that Metwood feared losing commercial credibility by operating with GEG/Rainco in this way. The position may change, of course, if the Metwood business becomes insolvent.
Just my thoughts.
