VEC 0.00% 1.2¢ vector resources limited

Ann: Extension Of Convening Period, page-10

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  1. 3,669 Posts.
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    Thast's just a reference to the investigations that the Administrators are required to do under the Corps Act.
    It literally means they are looking into:
    • confirming the assets of the company
    • sorting out which proofs of debt lodged by creditors are genuine and which ones are full of S...
    • ascertaining the date the company became insolvent
    • ascertaining whether the company took on any new debts or other liabilities post the date of insolvency
    • whether there's any potential claims against the directors for insolvent trading and/or breaches of directors duties.

    I wouldn't read anymore into it than they are just going through the motions of what they have to do for now.
 
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