Creditors reports out, Liberty want to propose another DOCA so...

Creditors reports out, Liberty want to propose another DOCA so it looks like the move into voluntary was a corporate play to shore up rheir shaeeholding as some majors aren't holding up their end of the bargain. Noble are in huge trouble overseas, so it's not surprising they aren't helping with funding. They may think that going into VA is their only option to sort the Noble shareholding out. Problem is if such corporate plays unfairly afffect minority shareholders, but there are laws to protect this from occurring. That's why I'm confident any unfair DOCA wouldn't pass the muster from the administrator or the regulator given they were still solvent, although the administrator tries to argue they were not solvent. They just raised $40m which was enough for a while and gave them plenty of time to do a lot and look at other things as needed so that argument is really pretty poor. Interesting how Liberty gave a loan which they demanded to be repaid quickly to force the situation.

Still, it's great news and does show that Liberty are a very good shareholder to have and that good news isn't far away.