I've been researching companies that entered into V.A and been interested by how the story played out with Paladin (ASX: PDN) as they entered V.A in July 17 and relisted in Jan 18.
Key notes:
V.A to relisting took 7 months
Shareholders had 98% of shares forcibly taken from them and handed over to the creditors
If anybody thinks there is a happy ending I just don't see it myself. Royally screwed
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- A DOCA IS BASICALLY A TRANSFERRAL OF YOUR SHARES TO THE CREDITORS?
A DOCA IS BASICALLY A TRANSFERRAL OF YOUR SHARES TO THE CREDITORS?
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