Latest The Australian article out earlier re directors, page-4

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mypravda

3,113 Posts.

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20/09/16

17:35

Post #: 19291862
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Originally posted by Burnett ↑

So, has anyone else been hearing the same or something different ?

Mark's new recap via VA deal was supposed to be done by the deadline being 8th Sept - didn't happen !!! then ASIC got pissed with McGrath Nicol re board spill vote adjournment, more directors resigning last week, etc... - doesn't look good for Mark now, does it...

Also keep checking the media updates on The Australian (Daniel Palmer) or the Street Talk folk (most times these guys are more interested in blood on the street and no doubt very close to several insolvency firms incl. McGrath Nicol, to be able to break that story on that fateful Sunday afternoon 3 weeks ago on McAleese)

So with all going ahead as mentioned re board spill vote, you will have 2 options;

Remove current board except for Gilberto plus add new board members, with a new deal and MCS being re-listed, shares worth something.

or........

Keep existing board, new deal via the VA path and SC Lowy, shares worthless.

Hmmm... which one should we vote for ?

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All I know is the administrators won't be releasing the financials anytime soon.

The meeting should be adjourned ? Do you know when ?

MCS Price at posting: 2.5¢ Sentiment: None Disclosure: Held
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Latest The Australian article out earlier re directors, page-4

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