BIG 0.00% $2.22 burrendong minerals limited

I've now seen the ASIC documents and they confirm the creditors...

  1. 731 Posts.
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    I've now seen the ASIC documents and they confirm the creditors have accepted the DOCA and the company will not be wound up yet. The company will remain in administration until either the DOCA is implemented or it fails to implement and the company is then wound up.

    So they now have until 30th March 2019 to get the courts and ASIC to agree to the transfer of shares, such that the group of 20 proponent shareholders will have 80% of all shares and remaining non-proponent shareholders are left with only 20%. Basically they are seeking approval to take our shares from us and I'm assuming it's for zero value. Not a great deal for us unfortunately and it'll make trying to calculate capital losses quite tricky.
 
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