Ann: Notice of Concurrent Meeting of Creditors , page-10

re: Ann: Notice of Concurrent Meeting of Cred... Lilac
Great response and some very savvy knowledge, but I think you're missing the play here.
Forest and Boom are both shell players.
They get control of defunct public shells , cap them at 1 cent and then bail out when the stock hits 2 cents. Not much return for the existing shareholders.
I can't find anywhere where Core have done that before.
I think you're spot on about the Core guys. They are all oil & gas guys which suggests they want the shell for an oil & gas play.
That also makes sense why guys like Rosenberg, Waistliss and Paradise, the note holders are backing them. These guys are all major players in that space.
I don't think they care about the asset.
Why would you be interested in an offshore Hotel Loyalty Program.
Remember they sold the primary asset before going into Administration.
As for going after the Directors, good luck with that!
I've heard that so many times before, but no one wants to fund it and ASIC is a toothless tiger.
Yep, we're all getting watered down, but I'd rather have shares in a WA oil & gas play than a wing and a prayer with a shell trader.
As for dumping your shares to realize the loss, why do you think companies offer this service for free??

Fingers crossed!