Not surprising really as CHE still being owed $50M. Re-appointment is to protect their interests. The question is, are they open to the recapitalization of the company. Probably not.
The only hope retail shareholders have here of some return is that the lithium market sentiment has now turned. Also is there someone else behind the SMS action ready to pounce. Would think so else why to take that legal action.
Just another agonizing reminder of 2020.
A40 Price at posting:
8.2¢ Sentiment: None Disclosure: Held