The conditions are skewed to a favourable PeP11 approval result. Advent will still legally owe the 4m to MEC. If we do relist under different circumstances this 4m should be paid asap regardless of where Advent sits. It will require a relisting under differing conditions - new investment mandate. With this board who knows - not a lot of confidence there for me. Roger mentions various stuff ups from previous board members - what makes you so sure about this board given Breeze was a long term member of MEC - is not he accountable along with them? In the meantime we sit on the sidelines of this drama.
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- Ann: Investee Advent Energy Ltd 2021 Annual Report
Ann: Investee Advent Energy Ltd 2021 Annual Report, page-5
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