Their DOCA document is out today and it is offering to pay creditors 2 cents in the dollar and for them to continue trading. Is this company for real??
And if the DOCA goes ahead they will wheel in a new shareholder that will tip in funds or an existing director to tip in once all the mess is cleaned up and dilute the sh#@ out of existing shareholders so they also have nothing!
How can this be allowed to happen morally?
And why to RIO and BCI continue to support them with work??
VIE Price at posting:
3.6¢ Sentiment: Sell Disclosure: Not Held