Ann: Appointment of Voluntary Administrators, page-8

I suspect the directors' only choice was between adverse auditor's opinion on half-yearly report (or possibly even refusal by the auditors to act - to tey and avoid liability for past sign offs) and voluntary administration.

The capital raising is now well and truly dead.

Voluntary administrators now must hold a meeting within 25 says with 5 days notice. Likely recommendation - To be sold to new owner for zero (probably as assets) in exchange for assuming Aurizon and NAB liabilities with Aurizon taking a haircut on those minimum guarantees.

Centrex Limited is then left as a shell with zero value and goes into liquidation.

Best hope for shareholders is that the certificates to claim the tax loss would be issued before the end of the financial year.


@fup better late than never hey lol