FGE 0.00% 91.5¢ forge group limited

action by hot copper shareholders, page-14

  1. 688 Posts.
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    The administrators have to be independant. Legally they are acting on behalf of the creditors, and can be removed by the creditors through a majority vote.

    Creditors also have to approve EVERY cent the administrator is paid. Administrators cannot afford to not be independant as it would put their own livelihood at risk.
 
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