ARR 3.85% 27.0¢ american rare earths limited

I just spoke with a representative of BDO and the following is...

  1. 1,388 Posts.
    I just spoke with a representative of BDO and the following is what I understand:

    There was a meeting on the 16th of May, at which the members voted not to put the company into liquidation. (Do these people have rocks in their heads, why!!!!)
    There was 100 members present and they polled the present members regarding the decision.

    On the 17th the company appointed BDO the adminsitrators.

    There is a second creditors meeting on the 22nd of June. At this meeting the creditors may choose to put the company into liquidation.

    You may not claim the capital loss until the company if formally placed into liquidation. (Fingers crossed that the creditors choose liquidation on the 22nd)

    Hope this helps any one.

    Cheers
 
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