PLA 0.00% 6.7¢ platinum australia limited

Ann: Share Sale Agreement Executed, page-4

  1. 1,244 Posts.
    lightbulb Created with Sketch. 230
    As I understand our 2% entitlement to share proceeds has to be paid to unsecured creditors first before shareholders. I would be surprised if there was much left for shareholders, but time will tell.

    My scenario would be that shareholders would be left with the company shell with no assets, which they may be able to sell to another participant who may be interested in listing.

    At the end of the day I am not expecting a return.
 
watchlist Created with Sketch. Add PLA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.