That would be the optimal choice yes, you are correct, however per asx rules if a DOCA were to be approve such announcement must be made immediately if creditors had decided the appointment, now with that being said - since the crash and then the involvement of SGH creditors none of such announcement has been, the most recent announcement is on the delay of releasing a 1H report due to concluding effort of different material items, if a DOCA were to happen lets say our friend McGrathNicol is the chosen administrator then such announcement must be made immediately on ASX after they have been chosen by all the creditors, yet it was not. Reason being is that: this is not a DOCA but a turn-around effort and a debt restructuring.
Cheers,
Robert
SGH Price at posting:
83.0¢ Sentiment: None Disclosure: Held
