1MC 6.25% 3.0¢ morella corporation limited

Ann: Quarterly Activities and Cashflow, page-27

  1. 10,678 Posts.
    lightbulb Created with Sketch. 1396
    You are missing the point.
    Milestone 2 was on met with Ganfeng on debt restructuring and a verbal agreement with the LNH.
    It was not announced to the market that day as the LNH wanted to hold off until after the AGM of Ganfeng.
    This was a firfy IMO.
    That night at midnight AJM was thrown into receivership by the LNH.
    PLS were there to buy 48hours later and with a financial sweetener for the LNH.
    Why would others be going for the rest of the company other than just ALO which had no assets.
    Who were they ?
    My thoughts are they wanted AJM dead and buried but it lives which is a risk to future litigation as there is a live company to return the assets to.
 
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