WBE 0.00% 1.4¢ whitebark energy ltd

Gotta love this bit....."WBE is the largest SBE creditor with an...

  1. 1,480 Posts.
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    Gotta love this bit.....
    "WBE is the largest SBE creditor with an outstanding debt of A$17.8 million, representing approximately 85% of
    the total SBE creditors.
    In connection with or following the initiation of a sales process, WBE or another subsidiary can submit a bid
    under which there are options for satisfying the purchase price, including forgiveness of the proceeds WBE
    would otherwise receive from the proceeds of any sale".
    I'm shuddering to think where this might lead................
 
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