An unholy Trinity: USD 125m < 10 mths to resolve....., page-549

"A few pining to provide an alternative Jew point"
Assuming you mean view point- isn't that is what a forum is for?
Your reply to my post does not address the very simple points I was trying to make. It also goes off onto some rather strange tangents.
1 - Please link the relevant asx listing rule or section of the Corporation act which precludes a secured lender from acting while a Company is in suspension regardless of their position as shareholder. (This deal is ultimately incidental to original TH and subsequent suspension - NOT as part of it) The noteholders appointed a Receiver because they obviously felt they had little alternative and AJM Directors were not in a position to refinance by 31/10.!! It does not show "clear intent" of anything. That is just emotive words.
2 - What legal right has been breached if AJM did not have a deal ready to go by 31/10? The likelihood of any deal would have been known by the few days we are talking about!
Your suggestion that info should be released to the market that AJM did not have a deal and Company released from suspension so shareholders and the market could digest is laughable.
For a start the ASX would no way in hell allow trading to recommence under those circumstances!!
3 - So now Aus Super has been mislead!! Those dastardly fiends at PLS obviously too clever for AS. Did not tell them what the funds were for or who it was to be paid to - really!? Do not even understand your comments about insider dealings? Apparently PLS were allowed in AJM data room and a deal has simply been done with the secured creditors.
To be clear, PLS has done a deal with the noteholders, however Receivers will now conduct the sale process and no one has been illegally excluded from that process, least of all AJM Directors. Unfortunately AJM shareholders have been left out in the cold for some time due to an inability of your Directors to come up with suitable refinance arrangements in a timely manner. Receivership is Receivership!
You state shareholders should be going to ASIC, ASX and FSA because it appears rules have been broken.
If true, that should absolutely happen. Unfortunately you have not outlined how any rules have been broken except your own interpretations and without any facts how this unfolded.
Anyway, will leave you to it - Hopefully your Directors still have some options and plenty still to play out here, just best to not confuse the real issues to deflect blame.
Good luck...............