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0.00% 0.1¢ metal storm limited

creditors report is out

  1. LTInvestor
    561 Posts.
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    23/08/12
    15:20
    Post #: 10613353
    As a note holder, I have received the creditors report.

    There are 2 proposals for Deed Of Company Arrangement (DOCA).

    The first is from a lawyer at Lloyds, Dianne Pinder who has a syndicate. They are offering shares for everyone, including us lowly shareholders. The sydnicate also has a plan to start producing and selling (we've been waiting for this).

    The second is from Lind and offers nothing to sharholders and little to any one else except themselves. I guess we should not be suprised by that.

    More to come as I digest the document.
    MST Price at posting: 0.1¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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