Had to remove it. On thinking about it I thought it might give fuel to other side if they try to counter offer. Imagine they put it into administration and then come back in and make an offer for the company - wouldn't put it past Aaron and his mob to do that.
Below hopefully clarifies misconceptions about who owns what.
IOU Pay Australia owns everything. It is not a shell.
It owns iSentric, IDSB and all other divisions.
We would take over everything if new BOD voted in.
The talk of IOU Pay not having anything is a completely false narrative.
The only outstanding debts this whole thing is based on are the payments to ASX, auditors and other entities in Australia - including of all things a PAYG Paul Russell payment. I feel the main reason to be able to do this is to try and stop the EGM from going ahead. If you want to see that not happen, then email the administrators as concerned shareholders and tell them you want this to still go ahead and we can vote the new BOD in and have some hope for the company and not have it wound down.
PS: Anyone wondering about Greg and his credentials in being able to raise funds - GROW financial just did a $100M successful CR - alongside the $450M wholesale funding facility he also has.
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