Is it usual or unusual for a company to go into liquidation without so much as a statement from management? Has anyone been through this process before? Will shareholders be privy to the proceed amounts for assets acquired?
I am also at a loss as to how there can be a sale of Australian assets including IP to a Chinese firm and yet at the same time SOLID POWER GmbH can acquire German assets with the intention of continuing the manufacture of BlueGEN. Page 13 of the administrators ASX release on 21/4/14 states clearly; "The optimal buyer of the CFCL Group’s business and assets will want to acquire all the IP, plant and equipment and inventory (irrespective of where it is physically located)". I would suggest a fragmented IP is impractical at best.
CFU Price at posting:
0.4¢ Sentiment: None Disclosure: Held