After the spill all directors will be the predators, they can now pass any resolution they like. There will probably be a further dilution to get ordinary shareholders down to less than 10% at which point their shares can be compulsorily acquired. Expect no more than one cps, could be less. I wonder what the new private company will be called?
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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