Feel sorry for holders. I mean there seemed to be progress in Manila (https://www.manilatimes.net/2023/06/15/regions/philsaga-president-releases-documents-to-prove-legitimacy-of-his-position/1896222)
It would be a shit move from the new board to put company to administration, just so they can just buy the assets for cheap. I think that's when the class actions will happen.
Ann: Appointment of Voluntary Administrators, page-8
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