it is not over yet this is the email from the Administrator :
- Sale of ALO shares: The Share Sale Agreement entered into between the former Receivers of AJM and PLS related to shares in ALO and the proceeds from the sale of shares held by AJM in ALO have paid to the secured creditor. There are no surplus funds available from this sale process for the costs of the Administrators, creditors, nor shareholders.
- Recapitalisation campaign for AJM: The Administrators of AJM have conducted a sale process and obtained a restructuring proposal in the form of a DOCA which is being considered by creditors at an upcoming meeting on 4 March 2021. Shareholders are not entitled to attend or vote at the creditors meeting. Subject to approval by creditors and receipt of funds by the Administrators, control of AJM will be returned to the directors.
- Notices to shareholders: At this stage we cannot confirm what the outcome of the Administration of AJM will be, including if AJM’s securities will become tradable again. We expect an announcement will be made to the ASX in the days following the meeting on 4 March 2021.
Further information regarding the voluntaryadministrations process can be obtained from the Australian Securities & InvestmentsCommission website at the following link: https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-investors-and-shareholders/#voluntary.This includes information sheet (INFO 43) Insolvency for investors andshareholders
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Last
4.4¢ |
Change
0.001(2.33%) |
Mkt cap ! $10.87M |
Open | High | Low | Value | Volume |
4.2¢ | 4.4¢ | 4.0¢ | $11.17K | 266.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 308748 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 166024 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 268748 | 0.040 |
1 | 18000 | 0.039 |
1 | 50000 | 0.037 |
1 | 16500 | 0.036 |
1 | 31281 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 166024 | 4 |
0.045 | 114350 | 5 |
0.046 | 21739 | 1 |
0.047 | 45000 | 1 |
0.048 | 20833 | 1 |
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