company assurances as to solvency, page-30

Big attendance at the Shareholders Meeting....not!!!
Everyone bitched and complained about the proposed DOCA but no-one turned up to challenge the proponents.

All resolutions went through with a landslide.
Looking st the proxy register, about 6 million shares were voted against and 70 million shares in favour. That's 76 million votes out of a possible 460 million.

Name got changed to Core Services Group, but doubt the ASX code would change that quickly.

The Company won't re-list until it does the capital raise.
Proponents are dropping in $1m to pay creditors and the administrator. It then needs to raise $2m + as the bare essential to re-listing.

I reckon this will happen in the next few weeks after the a few more trees get killed documenting the process.
They also need to consolidate down first.
According to the resolutions, first raise is at 1 cent.

Trick now is to try and get some of that stock. If noteholders have swapped at 3 cents (according to resolution 6), they are betting the stock will exceed that.
They could have swapped out at about 11cents in the dollar, so they know something!

If I can get some, trippling my money may cushion the hurt this stock has caused to-date.

Good luck