Definitely good for the company, provides a clean slate and admits no fault. Well done to Anchorage.
This is however contingent on the recapitalisation going through so while it's good for the company, not so much for existing holders. 95%+ dilution means they don't really get the benefit from this aside from not going into admin.
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- Ann: In Principle Conditional Settlement of Hall Proceeding
Ann: In Principle Conditional Settlement of Hall Proceeding, page-20
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BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
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