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6.8¢ collection house limited

Ann: Convening of Second Meeting of Creditors, page-3

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Nobbsy777

140 Posts.

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06/09/22

13:35

Post #: 63543439
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Originally posted by educate: ↑

The creditors will need to consider whether they accept a loss of (up to) 97% of what they are owed; or, give the company back to the control of the directors to continue as a viable entity. If the creditors give control back to the directors, they, the creditors could get nothing or they could receive 100% of what they are owed. If the directors once again take control, and do a much better job than appears to have been done in the past, the creditors will become big winners, but so will the shareholders I think. Let us keep our fingers crossed.

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Is there even a possibility of our shares not being torn up? I thought they were done for?
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