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Friday, 09/08/2017 3:32:42 PM

Friday, September 08, 2017 3:32:42 PM

Post# of 62377
Compulsory Winding Up
Compulsory winding up occurs when a company is forced, by law and usually by a court order, to appoint a liquidator, sell off its assets and distribute the proceeds to its creditors. The process is often triggered by a company's creditors when they are unpaid and realize that the company is insolvent. The process is sometimes part of a bankruptcy proceeding, but not always. If the company does not have sufficient assets to pay off all of its debts, then the creditors may face an economic loss.
I really do like OMVS,and would like to see it's success,but I have done some research and wondering now that the Liquidity is gone,if this is something that is possible,as by looking @ the 8K the Company appears insolvent. feedback
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