Well done all! Robust discussions can only add to further thoughts. I don't know one business person that has any respect for receivers particularly the backroom talk I have heard over the years.
I suspect even YA is rueing their presence.
Of course in a simpler situation receivers can be kicked out and fees can be voted against. Directors appointed receivers and directors can be removed quite easily by a block vote. I admit my knowledge is foggy once the receivers are appointed.
As I understand it YA had only 0.5% of the company and Coffee 1.6%. As long as we persist (apart from liquidation) isn't our position worth a round of discussions from interested parties? I know there are other complicating factors however they need our vote. Or am I missing something as I haven't kept up with year to year changes in company law.
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Held