Plaza Centers ( Which One Do Bondholders Choose ?) 20/11/2021

 Details of company's current assets (according to the company’s public reports) 

1. A 50% (de facto) holding in a Cypriot company, which owns an Indian company that holds 90% of land rights in Bangalore, India. (See annotation 6 b (1) in annual financial statements).

 2. 20.75% of the revenues after reimbursement of costsfor a claim totaling about NIS 60 million filed against officers and third parties. (See annotation 16 b (5) in annual financial statements). 

3. Right to debt to a Czech company owned by the company. 

4. The company's cash balance of approximately 5 million euros. 

5. Holdings in Hungarian, Finnic and Serbian project companies that the company is working to sell them.

 The property in Romania "CasaRadio " In view of the complexity of the property in Romania, CasaRadio (hereinafter: "The Property"), which is signed in the PPP Agreement, a number of alternatives will be provided, as follows: 

1. The property will be transferred to the trustee and/or will be honored for the benefit of the bondholders with the rest of the company's assets. 

2. The property will remain in the company until the end of the dispute, and in the end, any income received, 90% will be distributed to the holders of bonds and 10% to Hevron Capital and/or anyone acting on its behalf. 

3. Another alternative that will be obtained with the consent of the parties. The bondholders will undertake to pay all expenses regarding the company's assets, including the property in Romania, and to provide full indemnity/coverage for any damage if it causes Hebron Capital and/or the Company. Alternatively, bondholders will leave a sum of money that will be agreed in advance between the parties (security cushion), as part of the proceeds received from the sale of the company's assets and/or by capital injection, for the purpose of covering/indemnity any damage caused to Hevron Capital and/or the Company.

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It will be very Interesting to see If Our Board stick out for the best offer . 

Something that seems to have evaded them thus far , having discarded my favoured proposal by LIA Pure Capital .

We will ALL need good Understanding and a slice of fortune ahead .

Best of