and in more resent time ms I forgot to add altura
which is now imc I think,
trading for a fraction of where it once did but it did emerge from Admin after a savage corporate play
Old shareholders torched but still able to trade if they wanted too , Appart from the corporate play which was terrible imo it emerged rather quickly
it’s circumstances are not reflective of nuh though - but just for conversation ,yes public companies do emerge from admin in some circumstances - sure terribly diluted but does happen a bit
this allows old shareholders to trade. And formally take the investment loss if they choose
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- Ann: Appointment of Voluntary Administrators
Ann: Appointment of Voluntary Administrators, page-98
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