I am an overseas investor and here we are around 12 investors and we do not have clear picture of what exactly is going on there regarding City Limo and Realcom. Most of us have inquired about this situation only with the company officials and believed them until we came across mouthshut blog and read comments from other investors.
Now it is clear that all these days what the company officials were saying was a lie. I prefer to follow this forum for the updates. Kindly update about today and tomorrows meetings.
The explanation to what the company is offering is very well explained by piecemealcity (Charted Accountant) and in my opinion it should be accepted by all the investors, provided the company does accordingly.
Also more than a month ago someone wrote that the company has filed a case of bankruptcy, could anyone confirm is this true.
Thanks.