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Under Corporations Act 2001, the fact is Voluntary Administrator's responsibility is for creditors and creditors alone. Cujo Sorry to disappoint. Shareholders do not count.

From John Ward's statement today, this company is solvent. So an interesting situation for this. Calling in Voluntary Administrators was clealy the present management team trying to protect themselves from any possible class action suits.

Shares were not issued under SPP so theoretically SPP was not utilised. Also VA has full authority to do a lot of things.

Under Corporations Act 2001, VA has one week to convene the creditor's meeting. So if we have anything to say it will be after one week from now.