On the 11th April , they reported: “The Administrators have 15 business days to work with various stakeholders to draft the Deed
associated with the Proposed DOCA and to obtain various conditions precedent to affect its
execution”.
Allowing the 2 Easter days and Anzac holiday, 15 business days is up on the 5th May.
Being patient but thought they would have issued some kind of announcement by now.
There is no way it will be a favourable announcement for anyone, but we need to know.
In no way am I pretending this situation is easy to untangle, but a lot of people
including me have money at stake here and deserve to know what’s happening.
I assume they are dealing with those that have big money involved and that certainly is
thankfully not me.
KBL Price at posting:
0.1¢ Sentiment: None Disclosure: Held