Ann: Quarterly Activities Report, page-8

Seems receivers and administrators have now been appointed.

My understanding is that creditors need to make a claim to be considered entitled to anything if the company is liquidated.

As a secured creditor PZC should be making a claim shouldn't it (needs to lodge proof of debt form)?

Given the directors of both companies what do you think are the chance of this happening?

And if the above does not happen aren't the directors in breach of their duties.

By not disclosing the above to shareholders aren't the directors in breach of their duties.