So 7 days and the "interested party" time up...
We paid Peros $30,000 euros a month to make it fail
and officers.
• In early November 2023, a party emerged expressing an interest in entering into a potential
transaction with the Company which required the Company to remain in voluntary
administration rather than entering into a DOCA (“Potential Transaction”). As a result of the
expression of interest, the Administrators instructed their solicitors to urgently submit an
application with the Supreme Court of Western Australia (“Supreme Court”) to seek orders
granting an extension to the Adjournment Period by a period of up to a further five (5)
months from 27 November 2023 to 30 April 2024 pursuant to section 447A(1) of the
Corporations Act 2001 (“Orders”).
• On 21 November 2023, the Supreme Court granted the Orders to extend the Adjournment
Period to 30 April 2024 which provides the Administrators further time to implement the
Potential Transaction, if appropriate.
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So 7 days and the "interested party" time up...We paid Peros...
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