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NZ businessman Eric Watson facing $57m claim from Cullen Group liquidators

Liquidators’ discussions with representatives of Watson had not resulted in an outcome, the report said.
“Proceedings against Mr Watson have been drafted and are ready to be filed, after finalising a logistical matter regarding service of the relevant documents,” it said.
Liquidators’ expected to have proceedings filed within the coming weeks and would provide an update in the next reporting period.
Six months ago the former rich-lister was released from London s Pentonville Prison where he served four months for contempt of court after withholding information about his assets from philanthropist and former business partner Sir Owen Glenn.
Cullen Group’s liquidators say Cullen Investments is the shareholder of a number of group entities and has or had interests via loans, advances and shareholdings in numerous other entities. ....

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NAKD Stock: Let Naked Brands Be a Lesson to You

Castor Maritime (NASDAQ:
CTRM), which used the gullibility of small investors to buy cargo ships. Stocks with tiny market caps are easy to manipulate. All it takes is a story.
Our Matt McCall surmises that Naked Brands became attractive simply because of its ticker symbol, NAKD. It’s the kind of thing middle-school boys will snigger about in hallways, and many WallStreetBets players are no smarter.
But much like
AMC Entertainment (NYSE:
AMC), which used its short squeeze to recapitalize with stock, Naked Brands management seized its 15 minutes of fame. They sold stock to put over $200 million on the balance sheet. They are dumping Bendon, the store chain that had been behind the company in the first place. Now they claim to be an e-commerce play with cash on the balance sheet, hungry for acquisitions. That’s why the shares aren’t back down to 22 cents. ....

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Naked Brand Group Limited: Naked Brand Group Announces Final Results of Extraordinary General Meeting and Closing of Bendon Divestiture

Naked Brand Group Limited: Naked Brand Group Announces Final Results of Extraordinary General Meeting and Closing of Bendon Divestiture
SYDNEY, AUSTRALIA / ACCESSWIRE / April 30, 2021 / Naked Brand Group Limited (
NASDAQ:NAKD) ( Naked or the Company ), has announced final vote tallies from its Extraordinary General Meeting of its shareholders held on Friday, April 23, 2021 at 10:00 am (Sydney time), at which Naked s shareholders approved the Company s divestiture of its Bendon brick-and-mortar operations.
The final tabulation of votes cast for and against the proposal, as well as the number of abstentions and broker non-votes with respect to the proposal, is as follows:
For
-
With shareholder support, the Company has signed the definitive agreement for the divestiture and simultaneously closed the transaction on Friday, April 30, 2021 (Sydney time). ....

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Naked Brand Group Announces Final Results of Extraordinary General Meeting and Closing of Bendon Divestiture

Naked Brand Group Announces Final Results of Extraordinary General Meeting and Closing of Bendon Divestiture
ACCESSWIRE
30 Apr 2021, 22:43 GMT+10
Divestiture Transforms Naked into Asset-Light Business Positioned to Grow into an E-Commerce Leader in Intimate Apparel Market
NASDAQ:NAKD) ( Naked or the Company ), has announced final vote tallies from its Extraordinary General Meeting of its shareholders held on Friday, April 23, 2021 at 10:00 am (Sydney time), at which Naked s shareholders approved the Company s divestiture of its Bendon brick-and-mortar operations.
The final tabulation of votes cast for and against the proposal, as well as the number of abstentions and broker non-votes with respect to the proposal, is as follows: ....

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Naked Brand Group Announces Final Results of Extraordinary General Meeting and Closing of Bendon Divestiture

Naked Brand Group Announces Final Results of Extraordinary General Meeting and Closing of Bendon Divestiture
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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