Comet is in an extended suspension and while ever that remains the case it's value remains as is, regardless of the value of it's 40,000,000 IG6 shares.
With respect, you are not quite correct with your commentary regarding Voluntary Administration and Deed of Company Arrangement (which I presume is what you mean by DOCA?)
The purpose of a DOCA is generally to allow a company to continue trading after the VA period, subject to the actual terms of the Deed.
But even if "trading on" is not an option in the short term, a DOCA allows the company to avoid liquidation, as long as the Administrator and the company's creditors are satisfied that the Deed of Company Arrangement is the better option.
In CRL's situation, a DOCA would be designed to maximise the value that could be obtained for it's assets, including it's shares in IG6. Liquidation (as the name suggests) leads to an abrupt realisation of a company's assets, whereas a DOCA can facilitate a more timely and financially beneficial process for all stakeholders.
Not suggesting at all that CRL is heading that way... just trying to offer some clarification of the process.
IG6 Price at posting:
22.0¢ Sentiment: Buy Disclosure: Not Held
