heck guys .. I'm in same boat as others (no idea)..
i will make some assumptions. just to keep some talk going as like others I would really like to see the company survive /come back..
Soooo.. we sold off our assets to pay debts (was always the plan I suspect , or just bad management choices).. you take your pick how a company ends up in administration..
on the surface --the take over bid would have seen us get something.. but blocked by board (calling this).. coincidence .. I think not, seagulls fighting over chips (likely)..
now board has argued forever and a day has retailers best interest at hand.. yet no return and pulled a good wage (soo I can see who's interest is served todate).. so either the situation was soo tough and just the worse run of luck ever (for the second time).. or board not donegreat..
the stock can't unfreeze unless it can show a clear pathway back to profit .. these are the rules .. so by virtue this is why we not unstuck, asx and other regulators not convinced..
so most likely outcome here is we have a shell company and we will be delisted soon enough... sadly..
our one hope -- some how, with the assets left??? they can show it's likely we have profit and not go broke for at least 6 months .. and we meet other document needs of asx .. we can resume trading..
happy if view is wrong and it needs correcting?
heck guys .. I'm in same boat as others (no idea)..i will...
Add to My Watchlist
What is My Watchlist?