Please note my below comments:
- According to KPMG’s letter of Dec 5 (and validated on Dec 8) a court order under section 444GA is necessary for completion of the DOCA.
- Directions hearing scheduled for Dec 12 (court scheduling procedures)
- Substantive hearing for Dec 21
- As of Dec 11 the Explanatory Statement and the Independent Expert’s Report (determines the value of Paladin shares in event of liquidation) will be available for download
- After reading the documents listed on the various websites (ASX/KPMG/Paladin) shareholders have the right to provide their views to the judge on the section 444GA hearing by Dec 19
- Shareholders are asked to provide their reasoning why the DOCA is incorrect and prejudicial to shareholders, given the rapidly improving uranium market and improving asset values, by Dec 19 before the substantive hearing on Dec 21.This is a critical date.
- In addition, shareholders are invited to call class action lawyer Andrew Watson at Maurice Blackburn, Tel: (03) 9605 2735, to explain our plight given the CNNC and EDF self-serving and destructive actions which destroyed shareholder equity and any chance for a reasonable restructuring and KPMG’s refusal to take action against them.
Pg 41, page-2
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