For those fearing the worst and wondering how the legal process works when a company voluntarily appoints an Administrator to run its business, here is a good overview.
https://lawpath.com.au/blog/happens-company-goes-administration
I still think the company can be saved and the A40 board will choose to restructure (once the administrator's restructuring proposals are presented), as per the VA announcement:
'Accordingly, the directors of the Group Companies resolved that the Administrators should be appointed to theGroup Companies, with a view to effecting a restructure and recapitalisation through the administration process.The Company expects the Administrators will progress various restructure proposals with various parties, includingthe Consortium and the secured lender'
- Forums
- ASX - By Stock
- A40
- Ann: Appointment of Administrators
Ann: Appointment of Administrators, page-41
-
- There are more pages in this discussion • 148 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A40 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online