We owned the property, we owned the plant. the onus is on the note-holders now to prove why they were justified on calling the debt in despite a public waiver in place. Whilst they are at - they can start to explain to ASIc how and why they chose to undermine the recapitalisation process that everyone here was relying on.
Like I said, like it or not noteholders are a related party and they have certain reporting obligations under corporations Act and ASX.
how convenient it was not only to open up discussions with PLS, whilst all us mugs (the rest of the shareholders), were relying on a recapitalisation announcement whilst the note-holders were having conversations with a major competitor to undermine the very recapitalisation process designed to pay back their loans. An absolute disgusting act. Thankfully I live by the the rule of the law,not some bullshit 80/20 rule. Ejit.
Class Action Lawsuit...Contacting Lawyers This Week, page-53
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