Yes I'm sure they have prepared a DOCA. Don't think it's fair to say they 'missed' RMA, more like RMA should have lodged a POD if they felt they were a creditor. My sources indicate that infact RMA are listed as a debtor for $115,000 in the DOCA.
A DOCA is very effective (are you sure you're a lawyer?) as all creditors (prior to administartion) fall under the DOCA if it is approved by the creditors at the meeting. It rules a line accross the page, and MSO emerges debt free having paid the secured creditors 100% and the unsecured creditors split the allocated balance. The company is then out of administration and control is handed to the new board & management.
No contingent liabilities will exist from any past activities. So no, I didn't forget about it.
MSO
mobilesoft limited
any update....., page-11
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