Bermuda-registered Mezzanine Capital Ltd., which appears to be involved in the manipulation of penny stocks in the US, has reported a loss of $10.57 million for the 12 months ended June 30, 1999 after writing off $10.1 million of German bonds.
The company, whose shares are listed on the Bermuda Stock Exchange, had disclosed in 1998 that the bonds, which it acquired for one million of its common shares, might be worthless but did not decide to write off the investment until the current fiscal year.
Mezzanine Capital writes off $10 m of worthless German bonds
25 years ago
Topics
Bermuda Fraud Investment Listed Securities Turks & Caicos IslandsKeywords
Conectisys Corporation Eric Chess Bronk Lines Overseas Management Mandarin Overseas Investment Company Mezzanine Capital