administration, page-4

I am unclear whether this announcement spells the end for AAE or whether it is a further step before the previously announced $30M capital injection is completed. The reason for my uncertainty is that an administrator (in Australian law) is a person employed to manage the companies assets for the benefit of creditors, ie the administrator can decide to keep the company operating if income can be earned to reimburse creditors, and after payment of debts the company administration is returned to its owners.

If the company were to be wound up I would have expected to see a receiver appointed. As this is not the case I am uncertain what is happening according to USA law and terms.

The point of this post is that if the administrator were to receive the capital injection of $30M after being appointed, the administration could be ended if the creditors were able to be paid.

Can anyone clear up this uncertainty?

Gemmy