Wrong. The primary responsibility of administrators is to the creditors. Shareholders are very much a secondary concern for them.
If the administration can satisfy the creditors without selling off the business then that is what will happen. But if they can't then it's all over for IOU.
- Forums
- ASX - By Stock
- OVT
- Ann: Appointment of Voluntary Administrators
Ann: Appointment of Voluntary Administrators, page-82
-
-
- There are more pages in this discussion • 45 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
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add OVT (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.225M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $722 | 180.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1616385 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 11595053 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1616385 | 0.004 |
22 | 19574663 | 0.003 |
27 | 23664970 | 0.002 |
15 | 36752300 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 11595053 | 14 |
0.006 | 6809703 | 12 |
0.007 | 3925819 | 9 |
0.008 | 1175000 | 3 |
0.009 | 2556060 | 5 |
Last trade - 15.59pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
OVT (ASX) Chart |