abobo, you are not correct. The court orders currently prevent...

abobo, you are not correct. The court orders currently prevent IFCA from conducting due diligence because the bondholders refused any budget for Chemeq to spend any money on the exercise - no staff time to show IFCA where the files were, no phone calls, no explanations permitted, absolutely nothing.

The bondholders would never admit to believing IFCA had the funds until forced to by the Court. IFCA are not going to get anywhere until the Court determines that evidence of the $60m is adequate, or until the Determination is made. That will lift the Court Orders automatically.

Either move will break the current impasse, and IFCA can proceed with due diligence.