Pretty stock standard for a company in administration. Once they...

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Surandy70

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24/08/20

17:30

Post #: 46776486
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Originally posted by Teddyward: ↑

28th Aug delisted unless paid in cleared funds
Due in June- not paid so months overdue
process then invisible to holders as no further ASX announcements
Obviously if there was interest and available $ to keep listed and effort would be made top pay these and keep listing open but as probably not seen as a "clean' shell the value of listed entity shell with holders will be flushed . Good bye shell value as possibly too hard to straighten books and comply?

Back to murky unlisted public company status and administration / liquidation .....hmmm who would have guessed that????

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Pretty stock standard for a company in administration. Once they work out what they are doing they just pay the fees, catch up on the overdue reports and will be back listed again.

Assuming the Recapitilisation DOCA is approved by creditors there will then be a vote by shareholders. Then the board will set about the regulatory stuff to get back listed on the ASX.

Question is what assets will they have in the company?

AEB Price at posting: 0.9¢ Sentiment: Sell Disclosure: Not Held
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Pretty stock standard for a company in administration. Once they...

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