BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Appointment of Receivers and Managers, page-41

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  1. 8,751 Posts.
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    It will depend on what offers the receivers get. BUD had loans of $22.4m at the end of February, so it will depend on whether the offers are above the amount currently owed or not.

    This is what the ASX announcement stated:

    The Receivers will shortly commence a process seeking offers for a sale or recapitalisation of the Group (“Transaction Process”). It is anticipated that indicative offers will be sought from interested parties by the week commencing 2 May 2022.
 
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