CIY 0.00% 3.6¢ city pacific limited

no liquidity is the problem

  1. 614 Posts.
    I feel for you ... nothing worse than putting your money into a PUBLIC company and then see this happen.

    A word of warning ... liquidity has dried up (look at Centro, MFS, ABC and now City Pacific). Nobody is rolling over debt ... they want their readies back. If you have your money in any company that has short term debt facilities that they can't pay out from their own reserves then be VERY VERY careful ... I have a feeling that this is just the tip of the domino.
 
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