Ann: Administrators' Notice to ASX/Shareholders, page-3

  1. 15 Posts.
    The DOCA is available from the Administrators if anyone wants a read. Essentially, shareholders wiped out and Stellar (the company that won the recent court case) or a related body will assume 100% of the shares. Secured creditor paid out in full, staff entitlements paid out in full, unsecured creditors get something like 65 cents in the dollar. Will be voted on next week.

    Settlement proposed for 30 September or thereabouts.

    A final capitulation for what was once (a long time ago) a good company.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.