NEVS wants a haircut

NEVS proposes a haircut. Unsecured creditors whose claim 500.000 exceeds Swedish Kroner should write off 50% of their claims.

NEVS has 573 creditors, the haircut affects 104 of them. However, 80% of the liabilities belong to this relatively small group. Negotiations with potential buyers are progressing but will be difficult to bring to a successful conclusion if NEVS continues to rebuild, says NEVS CEO Bergman.

The NEVS press release follows with ours international version.

14 thoughts on "NEVS wants a haircut"

  • A very different problem will be the nevs it has promised that everything is paid.
    Who wants to stay on board?

  • In my opinion, the previous investors have been trying for months to pull their heads out of the guillooutine without being choppy too much. And since the new investor can wait until they are done with their possibilities, we now see such unpleasant things.

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    It is actually completely correct that NEVS has nothing more to offer ... Debt after debt, bad reputation, the tools and parts of the site have been sold. The only thing that is stuck to seems to be the empty production hall and the wire to Saab AB.
    I can understand that NEVS would like to try to win back as much liquidity as possible ... A car, but with NEVS DNA I really don't want to have it anymore ...

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    I can understand that. The new investor just wants to do a clean table. Whether the haircut is the right way, I doubt it, because that would mean to bounce the suppliers. I do not know to what extent credit default insurance will still be paid in the case of a haircut, or to what extent these suppliers will be interested in future cooperation with NEVS. For my part, there would be no more Butterbreze without advance payment. On the other hand, it could indeed be that what is actually doing and you want to eliminate cash from China or India, the debt. Then it makes sense to ask before, if you can talk about the amount of debt still. It is possible that SAAB AB will also print where the name rights are concerned. However, for me the continuation of NEVS for reasons of reputation and bad debt losses is unthinkable. It will therefore result in a sale to a third party with merger and / or start-up. That seems to be the current direction.

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    Good evening friends, can someone please explain to me
    what it means that NEVS is a successful takeover ..
    can not finish, as long as they are in the reconstruction
    are located. Practically, the reconstruction period should be
    Be an obstacle.

    Did I understand that correctly?

    For what reason are you leaving these incompetent amateurs
    still at the helm, to the fate of (rest) Saab too
    determine

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    Hello, How far does NEVS have anything to do with Saab?
    Orio has naming rights, Orio has all the tools. Does that mean that Orio should legally produce Saab? If, yes, if there were any innovations. What does NEVS sell?
    A design office with what knowledge? Nevs just wanted to suck knowledge out of Trollhättan ... a pile of broken glass.
    What's going on in the industry at all, if Borgward can supposedly be resurrected from the retort ?? There must be knowledge and money there.
    It works without “our spirit”.
    Let's enjoy our SAABs.
    Greetings from Salzburg

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      Hello.
      It is also interesting that SAAB AB wants to advertise massively at an Indian trade fair with various products, including their Gripen. It's about some big orders - also about working with many Indian companies.
      It's a big market for Saab….
      A partner should also be Marhinda. Can Saab simply say no to the naming rights here?
      Greetings from Oldenburg from Hannover
      Andre

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    If the negotiations make progress, there seem to be no more obstacles to naming rights - everything is very diffuse.

    The matter should finally come to a promising conclusion - in my opinion, this would only be a conclusion with further SAAB production.

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    Why do I have to think of Greece immediately in this message? ? ?

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      I feel the same way. The Swedes make one in Greek

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      With the difference that Greece has already had a haircut and maybe another soon…. Well Politics doesn't belong here.

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    With the difference that 469 are fully satisfied by 504 creditors and the others get at least 500.000SEK + 50% of the amount through 500.000. Greece is a bit further away from that 😀

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      Unconditional debt relief, 60 percent of 104 affected creditors must also agree to the agreement. Furthermore, I assume that the majority of those have taken out a loss of life insurance, against the background of experience in recent years.

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        If you have found an insurer for this risk, then yes.

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