Seriously posters please be realistic on what a administrator...

Seriously posters please be realistic on what a administrator will do and achieve.

Think about it - realise at this stage management are still there helping the administrators in general . They can quickly take hard decision in regards to expenses and basically ensure there is enough $ to pay for administration .

I could correct multiple other assumptions and falsehoods here but I'll simply direct posters to ASIC for a simple read of process and obligations and the first stage in the 2nd link the Vol Administrators first meeting report and letter.

Normal shareholders are not creditors and have no security

https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-creditors/voluntary-administration-a-guide-for-creditors/

https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-creditors/voluntary-administration-a-guide-for-creditors/#voluntary-administrators-report


KTE ELE PAN BOD are all recent as 6 months that are listed that have gone to VA etc if people to see what ASX announcements were made