So there were 2 options proposed in the DOCA. LB Capital Ltd And...

So there were 2 options proposed in the DOCA.

LB Capital Ltd
And
Artem Fedula

Both options had the current 2x directors (the self appointed administrators) plus another director, one being Kwong Chan (LB Cap.) And the second being Dunlop (Artem Fed.)

LB Capital suggested they'll pay 20k now and 500k later to take it over.

Artem Fedula said they'll pay 100k now then another 2 x 100k payments.

The admin recommended that Artem Fedula take ownership of CMY, which it now has done.

So we now have a situation where CMY is getting resurrected, with Dunlop in charge,  however the admin retort suggested this was only temporary and the intent was not for former directors to be in charge for the long term.

No doubt Dunlop will hand over to his mates to give it another spin and milk it dry.  The whole situation is a complete joke,  why CMY went into admin in the first place is a complete joke.

Of course, this is all in my own opinion.

Cheers
MSN