NexCen shares plummet on going-concern warning
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2008-05-20 — businessweek.com
Consumer discretionary buyout firm NexCen Brands swoons. This was entirely predictable. Their last acquisition was last fall. This is not due to "liquidity"... it is due to insolvency, consumer capitulation and recession:
NexCen Brands Inc. shares plummeted after the company warned investors it may not survive, adding it must now find ways to increase its liquidity and pay off $30 million in debt by October.
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