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back to article It's MY ball! Stone Computers' pre-pack sale placed on ice

The pre-pack sale of Stone Computers has been adjourned due to an alleged discrepancy over shareholder voting rights to appoint an administrator, The Channel can exclusively reveal. Directors at the Staffordshire-based PC builder called in administrator Duff & Phelps last month, after defaulting on loan note repayments to the …

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  1. The Godfather
    WTF?

    And you Brutus?

    I very much suspect a deal will be done with James as this would be the right thing to do. Finding an excuse to off-load unsecured loan notes in this way is deplorable and indeed questionable, even if legal.

    No doubt in my mind that Stone may find suppliers more wary of risk given recent changes and publicity.

    0 0 Reply
    1. John Brown (no body) Silver badge
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      Re: And you Brutus?

      Yeah, one of our big clients recently switched to Stone and are now wondering where they'll be in the coming months. It's hard to tell from the published information if Stone will just carry on regardless with "new" owners or die a horrible death.

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