AZZ 0.00% $7.50 antares energy limited

Voluntary administration is only temporary It is meant to buy...

  1. 1,160 Posts.
    Voluntary administration is only temporary
    It is meant to buy the company a small amount of time
    Thetafter one of 3 things happens
    1.give company back to the directors..in azz case unlikely
    2 . enter into deed with creditors.in azz case the creditors are note holders.so unlikely
    3 . appoint a liquidator.imo very likely
    In which case the liquidator would sell the assets and pay back note holders first and share holders next.if any left for them
 
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Currently unlisted public company.

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