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Ann: Appointment of Voluntary Administrators, page-20

  1. 1,050 Posts.
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    all just thoughts but the admins are now the directors until their decision comes in
    only thing on table is a re to loan facility as Tom halted the market on that..

    worse case - liquidated and Tom walks away with a new job in one of the other bang sites (welcomed with open arms as he took from asx holders and put the bill on a creditor who wants it for them self ).. the way Tom/ board deliberately pushed SP down before last raising and then handed it to mates supports this.
    based his previous dealings he does normally, guess here --eventually give something back to share holders -- in the form of slightly better then the last market price.(which is normally not much).

    as a guess I'd say this will be our return.

    a better case is Tom with friends saying "no way, adroit slipping my in last minute" gosh vote looking close, why risk it - buy for 30 days, and come out otherwise with a negotiated down loan rate and gates opening and we hi-five Tom and bangz -- probably by granting bang a number of shares (at same time giving them enough to defeat vote, dillution further what little asx investors put in... still with it running a while - 5 years or so, might start to see a profit enough to raise SP -- but what do they care - between wages and loan repayments it's a win for the board

    you know things are bad when this is your better case scenario
 
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