I think it show naivety to think the NTA for this company means anything - the Australian administrators have no chance of accessing chinese assets. The cash which is likely there in china isn’t in Australian banks and so will be out of reach. Only ones now getting a recovery are potentially the administrators. Happy to be proven wrong but my understanding is Australian adminstators don’t have jurisdiction in china and wouldn’t have any more luck than the existing directors of getting money out of China.
PEZ Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
