Mate, company directors don’t appoint a receiver. Courts appoint a receiver on behalf of a plaintiff. In this case 1VT capital appointed the receiver, when you have a registered security the receiver has full control over the assets but the secured creditor likely has all pap collateral over all revenue and other sales as priority.
You don’t know the industry, so don’t pretend you do.
Ann: Appointment of Receivers & Managers, page-27
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