Ann: Commencement of Sale and/or Recapitalisation Process, page-3

  1. 1,018 Posts.
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    Don't worry about NAB. Aurizon will make sure they are paid as creditor, and NAB won't be left out.

    Likely NAB will just reassign the facility as part of the deal.

    The only issue is that the VAs seem to be skipping a few steps. Given it's not in liquidation, shareholders have a final say on any offer. If it's voted down, then the VAs would have to tip it into liquidation. That's when they will have to provide all financials. VAs appear to be friendly and wanting to get it over the line.

    I suggest that when the vote comes, shareholders vote it down, so that everyone gets to see financials and disclosures. This information is critical to holding the current management and auditors to account.

    Don't let them hide the wrongdoing in a big wash (friendly deal)


 
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