The court has appointed an administrator for the sanitation proceedings for the owner of the Dayli drugstore. Now the interim managers are to get to work. It's not good, and the ambiguities are only increasing, but at least the impasse is coming to an end.
This is the situation in Kerdosa (formerly Hygienica), a stock exchange operator Dayli drugstore chain. On Wednesday, the court appointed an administrator sanitation proceedings in a company that is not paying its debts and is closing stores, but is trying to save itself from liquidation. The law firm PMR Restrukturyzacje was appointed to this position, and it was also involved in the restructuring proceedings in another stock exchange black sheep, namely Hawe Telekom from the Hawe group.
- Our role is to administer the proceedings efficiently, with the company's operations to be taken care of by interim managers. The key is to raise financing for the company, which can be done in several ways. There is, of course, the sale of assets or the raising of an investor, or in the extreme case the conversion of debt into shares. Even if Kerdos were to go out of business, it seems that liquidating it would not be a good step. The company has value - a place on the stock market and a tax shield to exploit - and it would be a good thing. says Maciej Roch Pietrzak, President of PMR Restructuring.
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