So, from Appendix D of the Administrators report, the total VALUE of the DOCA contributed or secured by the proponent is AUD 109.1mill
The shares issued to Dundas are deemed to be issued at 63 cents (with a top-up, if you guys dump it below that level within 30 days of re-listing)
This will take a good level of explanation, as it's 'complicated', I've had a couple of beers and it's 136 bloody pages
The governance of this company up until receivership is nothing short of disgusting.
So, it seems the expectation of management is for a share price on re-listing of around (a little below) where it stopped on the TH last year
I'll take that as a job well done, but I suspect there will be a plethora of exits initially TBH
'twill be interesting, to say the least
