Pelorus Fund REIT Seeks To Force StateHouse Holdings Into Receivership
Portfolio Pulse from Nicolás Jose Rodriguez
Pelorus Fund REIT has filed a complaint to appoint a receiver for StateHouse Holdings due to loan defaults. Despite financial challenges, StateHouse reported a 10% revenue increase in Q2 2024. The company's financial health remains precarious with a significant working capital deficiency.
September 27, 2024 | 3:48 pm
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StateHouse Holdings faces potential receivership due to loan defaults, despite reporting a 10% revenue increase in Q2 2024. The company's financial health is unstable with a significant working capital deficiency.
StateHouse Holdings defaulted on loans, prompting Pelorus Fund REIT to seek receivership. Despite a revenue increase, the company's financial instability and significant working capital deficiency suggest a negative short-term impact on its stock price.
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