JRV jervois global limited

A newbie here in regard to bankruptcy!!! it seems the only way...

  1. 2,228 Posts.
    lightbulb Created with Sketch. 98
    rolleyes.png A newbie here in regard to bankruptcy!!!
    it seems the only way out of three, that
    1/ the directors regain control and running the company once again…
    is 50% out of 3 chances coming out of 30th of April Creditors votings.
    The other two options are:
    2/ wounded up and liquidated (if company is non viable)
    and
    3/ go with DOCA deed of company arrangement! (if Company is viable)
    Since the Administrators’ opinion implies that the company is viable, considering option 3.
    then Option 2 liquidation is out of the question!
    Leaving a rare case of option 1 outcome: Return of Jervois “The Origin”
    vs
    option 3 DOCA, Jervois “The Private” with annihilation of asx investors’ money!
    Head or Tail!?
    Can anyone encourage the Creditors to choose option 1. “The Origin” and not the “Has been”
    Tx

    Last edited by redbaron: 22/04/25
 
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