1MC 20.0% 0.3¢ morella corporation limited

Ann: PLS: Conditional Agreement to Acq. Altura Lithium Operations, page-41

  1. 4,558 Posts.
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    No, unfortunately.
    What it means is:
    PLS acquires mine and resources (operations).
    Money goes to secured creditor.
    AJM gets everything else (any other debts to contractors, staff, loans, etc).
    It's very hard for VAdmin to stop this as essentially Receivers job will be done, secured creditor paid out and VAdmin is not prevented from restructuring AJM company.
    Which would be a shell with whatever other tennaments, subsidiaries it has.
 
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