Magnolia Capital is now in liquidation. So if they still hold shares (which I doubt) then it would be the liquidator realising these and not the company's director Mr Atkins. In a Creditors Voluntary Liquidation (the kind they went into), we can expect an "Initial Report" to creditors within 6 weeks, and a "Statutory Report" within 3 months of appointment. The first report won't say much, but the 2nd one, will give a full accounting of the Company's existing assets and hopefully some analysis on what went wrong/happened with Magnolia. They'll also be the ones who have a positive obligation to report any possible breaches of the Corps Act (for example... failure to lodge updates to Significant Shareholder Holdings) to ASIC. There's no deadline for that report, but usually done within 6 months.
Either way, We'll know what Magnolia still owns by 4 Feb 2023. I'll report back once the report is out.
Magnolia Capital is now in liquidation. So if they still hold...
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BRK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
-0.001(4.00%) |
Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $332.5K | 27.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 43356014 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 656882 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BRK (ASX) Chart |