The whole legal challenge regarding ALO is just the work of emotional minds still tied to the idea the BOD was christ reincarnate, one look at the admin report will highlight why the AJM BOD wouldn't want the issue in court.
I still think ASIC will take action against the BOD here so many hurdles yet to come, ASX may not want them back either.
Any suggestion that PLS acted in anyway untoward is nonsense, if AJM were able to pay back noteholders PLS wouldn't of got a look in, question for the AJM experts how many interest payments were actually paid vs how many were capitalized?
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