Bazzle, according to p36 of PLA's last Annual Report J Lewins...

Bazzle, according to p36 of PLA's last Annual Report J Lewins owns 5,572,421 shares (and 3,000,000 2013 options @$1.23 - lol). ie less than $400k worth at last trade. According to p32 he was paid $565,199 in cash last year. The execs of this company are extraordinarily highly remunerated for an underperforming micro-cap, eg CFO $355,199, COO $481,355, GM Smokey $220k, GM Mining $218k etc etc

Sadly, Administrators act for creditors (which will include management and any termination payments if/when they are terminated) not shareholders. Administrators don't even have to report to shareholders. A report to creditors should be forthcoming in next few months.

If there was any hope for shareholders here (other than an explosion in PGM prices) management might have had the decency and self-respect to put out an Announcement as to why the company was going into Admin. But no, the keys have been handed over in complete silence by management. This makes me suspect there may be some disgraceful news on the way - e.g. undisclosed debts etc. Already the Administrator has referred to a "costly dispute" as reason for the collapse which management had never even disclosed to the market. What else has been hidden?