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8.3¢ mirabela nickel limited

But as appointed liquidators they are legally obliged to accept...

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AlCp

26,687 Posts.

1732

01/06/18

00:01

Post #: 33419608
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Originally posted by Lucky Phil ↑

Hi jacky123,

I can tell you why MBN won't relist.
It has been liquidated and that the best price is currently being sought for it's assets.
Further, there is "no likelihood" that shareholders will receive any [money] from the assets being sold [by Korda Mentha].

I can "show you" this by referring you to:
Ferrier Hodgson's Shareholder Declaration of 7th May, 2017
https://www.ferrierhodgson.com/au/-...la-nickel-limited-shareholder-declaration.pdf

And also from Ferrier Hodgson's website, here's why we haven't been told anything:
Refer: https://www.ferrierhodgson.com/au/-...kel-ltd/insolvency-guide-for-shareholders.pdf

From top of Page 4:
"A voluntary administrator isn’t required to report to shareholders on the progress or outcome of the voluntary administration." And they didn't.

And from the top of Page 6:
"There is no obligation for the receiver to report to the shareholders on the progress or outcome of the receivership." And they haven't.

Cheers, LP

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But as appointed liquidators they are legally obliged to accept the highest bid aren't they??? And it's illegal if they don't......

MBN Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
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