ORANGE ARE NOT GOING BUST! (i think!) announcement coming this afternoon

[jonnyboy666]

ok so i just spoke to Orange, they couldn't tell me what is going on, but the person i was speaking to was happy, relieved, and saying an announcementr is due this afternoon.

my money is on an investor or managemnt buy out or combination

 

[jimo746]

Fingers crossed!!

 

[Frankenorange]

Interesting!

Hopefully not a buy out with a planned end to the company.

 

[jonnyboy666]

 

[jonnyboy666]

Hopefully this is good, they seemed positive when I spoke to them, hopefully we’ll know more in the coming days

 

[al-onestare]

That's an important step. It'll likely boil down to funding...and securing that will be no easy feat given the current market.

 

[brocklanders023]

Ace Jonny, hopefully it works out and I can plan on replacing my Stage 5 in the next couple of years.

We’re such nostalgic romantics, aren’t we? Already looking to replace my Pace and Cube hard tails with the Orange equivalent out of solidarity and loyalty!

 

[sinnerman]

It was the obvious solution under the circumstances.

Well done Ashley.

 

[My_Teenage_Self]

Great news. Who exactly is Ash ball?

 

[Betsy]

It nice to see that the administrators have done a decent job with the rescue plan.. often is the case in my industry, it's the costs claimed by the administrators which cause the bankruptcy.. the last one i was involved in as a very minor creditor, the admin charge to the company was £324,000 for 2 months work.. their 'expenses' ran into thousands of pounds /day.