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Open Letter to Administrator, page-11

  1. 222 Posts.
    Yes, it's very frustrating.

    Our understanding is that the Board cannot make any decisions while in Admin, but the Admin does not have the power to appoint / dismiss Board! Status quo until one of the three options coming out of Admin:

    1) Return to Directors
    2) Deed of company arrangement
    3) Liquidation
 
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