Does anyone know if its standard Modus Operandi for liquidators / administrators to not report to ASX and for ASX not to report to shareholders through their platform after a company has been delisted ?
I am reliably informed that the administrators have presented a deed of company arrangement ( DOCA ) to the creditors of CDU These scenarios rarely end well for shareholders who are not creditors. as the shareholders in A40 ( the old TAW Tawana resources ) found out.
Anyone still holding stock in the double appendage dog should take some time to read the ASX announcements on A40 to give you a blueprint on how this likely plays out from here.
https://www.asx.com.au/asx/statisti...amp;asxCode=a40&timeframe=Y&year=2020
https://www.asx.com.au/asx/statisti...amp;asxCode=a40&timeframe=Y&year=2019
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