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22/02/19
21:58
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Originally posted by precis:
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It's worse than bizarre. For a start there is no show of all stakeholders (which includes shareholders) approving this by the 1 March because there is absolutely no show of organising the CR, papers to shareholders, notification of meeting, AGM, Board Nominations, rectifying the abomination. Definitely aimed at subverting the 249D which as golfguy questions, must have some priority rights in all this. Whatever happened to the 19th Feb and the deadlines...again we don't know. No Board, no AGM, bleeding money, mining in the wrong places, can't get 40,000 t/q. Flyboy's man is on the button. I stated months ago that if this had happened in my sector, Education, an administrator would have been appointed months ago and the ship righted. Definitely need a clean out of the two on the current illegitimate Board because they are equally responsible..there is no one else. The Action group deserves a seat on the Board and must continue to strive to see this happen.
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I think they are referring to the note holders, the employees with the very cheap notes @.35 cents.......cannot be anything else They woould have to agree to a new deal