Investors in the mini-bond seller Blackmore Bond have mounted a bid to liquidate the firm, deepening its troubles as it struggles to raise cash during the coronavirus crisis.
A group of bondholders has teamed up to file a High Court winding-up petition against the company, which has missed its latest two quarterly coupon payments.
One bondholder who has invested thousands said: “It’s very hard not knowing what’s going on. If we knew what was happening to our money we could at least start getting on with our lives. Not knowing is really harmful.”
Blackmore raises money from the public by