Sorry, just looked up and reset date for the notes (the bulk of which were due to be redeemed) was indeed the 31st. Expect annual report; cashflow report and unqualified statement by the auditor tomorrow morning on the ASX.
Speaking to the IA's in Sydney I have greater confidence in administration than I do the management.
One thing additional that should be shared is that since the last noteholders meeting that passed the motion to appoint the investigator, the company has rejected the approach. Another thing that came to light is that the meeting today likely cost the company well in excess of the $30k pittance being disputed. If you add the board's trip to Australia to defend themselves and their legal council/QC etc I wouldn't be surprised we're looking at a $200k waste of money here.
What board/management in their right mind would reject such an approach voted by the very persons who are able to keep you on life-support?
Sorry, just looked up and reset date for the notes (the bulk of...
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