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17,783 Posts.
103
25/07/12
13:24
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If PLA was unsalvagable then you wouldn't settle the legal dispute as a priority.
The only positive I see, is that the Administrator wanted to clear legal liabilities as a first priority.
So to settle this dispute the Administrator has wiped out the cash. Good to see that we still had $10.1mil in the kitty.
In settling the dispute the Administrator has removed any encumbrances to a potential sale of PLA or part sale of PLA.
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