No, not the quarterly activities report, but the Q1 financials, issued on 28th May.
No worries.
You can't really say whether the R would sell for less. They certainly shouldn't. But you'd never know if the VA could have got more. Receivers can trade the company out of receivership. They can put it back on its feet, pay off the secured creditor and hand it back to the VA or directors. If it is decided that there is a chance of that happening the secured creditor will supply the necessary finance, guarantees and indemnities to the Receiver.
Yes, you could force a liquidation but then you can get into conflicts between the L and the R which might involve court proceedings to establish who should do what. Generally not helpful.
- Forums
- ASX - By Stock
- MBN
- appointment of receivers and managers
appointment of receivers and managers, page-48
-
- There are more pages in this discussion • 96 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MBN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online