RMG 0.00% 0.7¢ rmg limited

Alpha Centurian, what do U say to this?

  1. 5,768 Posts.
    in relation to your viscious downramping of RMG in the past few weeks? And yet U continue to "promote" GTP with vigour?

    RMG Reassures


    HOMEX - Melbourne

    Listed Receivables Management company, RMG Ltd, today moved to
    reassure investors about the progress of its restructuring.

    "While our position has not altered materially since our recent
    announcement, continuing speculation and comment makes it appropriate
    for the Directors to issue a statement today," said Executive
    Chairman, Jim Boult.

    The Company confirms that is has no outstanding issues in its
    dealings with its bankers, ANZ Bank. "We have a continuing and
    adequate funding facility for our operations going forward, on normal
    commercial terms and conditions," says Mr Boult. "Like any such
    facility it is subject to a standard review structure, as is
    consistent with ordinary banking practices."

    Furthermore the company's financial position was sound, he said, and
    recent trading has been in accordance with the Director's
    expectations. "Our customer base remains robust and we are making
    good progress in attracting new customers."

    Mr Boult also commented that the company's restructuring was
    continuing satisfactorily. "We have completed an initial round of
    restructuring and we are now reviewing our ongoing activities with a
    view to identifying areas in which we can achieve further efficiency
    and productivity gains without reducing the range, quality or levels
    of service that we provide.

    "We will continue to work diligently to restore profitability and
    meet shareholders future expectations."

    For further information:

    Jim Boult
    Tel: 61 3 9320-0103

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Currently unlisted public company.

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