Ann: Marion executes Deed of Company Arrangement, page-6

Usually doca is very bad for shareholders.

It can entail situation - re a third party can offer creditors cents in the dollar and creditors need to vote majority to approve it.
Subsequently it can also be put to share holders to accept or get nothing - entailing eg 50-1 consolidation. And the asset then controlled by the third party who also then issues themselves a heap of post consolidated script to steal the show .

(That's the real killer. And would be a butch if the third party ended up being a rated party to old directors. Conspiracy theory)

We have not seen any detail - comment on terminating it- etc - makes me guess that it could be a legal move and play for time - but who knows?

I would like to think that the new director and chairman are batting for us in some opaque legal move that is different to every other doca ending in tears.