External Administration, page-29

this is woeful.

why not do an EGM, get approval for a massive rights issue 1-1 to raise the coin.

administrators work for the creditors, and i dont think they care to look under every stone.

If this goes into vapor, without allowing shareholders the opportunity to keep afloat, is just pitiful.

i have seen other companies go under, because of less significant debt, and the administrators while open to expressions of interest, seem to ignore the obvious shareholder CR as a source. One company was even doing a SPP, during which this occurred, and rather than use those funds, sent them back to applicants.

i dont hold, was lucky to have needed the profits on the oppies dump elsewhere.

we wondered why someone dumped so many ops for .001 ?

Its all a terrible business where shareholders are the last to know, or be treated with transparency and respect.


I say, my mantra. The market is made of liars , cheats, and thieves, stage shows, smoke and mirrors, and snake oil salesmen. Treat everything with suspicion, and always take profits.