I have looked for sale announcements and eve on PWC recovery website but no sale announcements.
Cant say that the administrator or receiver seems to be doing a good job. We got snowed into allowing align to carry on the circus and now we have the receiver not giving us any info.
Not surprised that an unsolicited offer would come in. No-one is looking after debenture holders interests. Farms were poorly run and as I understand it only one of them was viable everyone was ripped off yet the directors, trustees and the rest all wash their hands of it.
This is an opportunist taking a stab at getting something very cheaply.
position is in todha debs
TIM Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held