Hypothetical Scenario for LPD Shareholders, page-44

Example of a company returning from voluntary administration in the hands of KordaMentha: Carnegie Clean Energy (ASX: CCE)

CCE went into VA in 2019 with just $3k in the bank. Shareholders voted for a recapitalisation with a target of $5m. Company is still around. I know about it because my dad held it, purely because his dad always said energy should come from the sea.

That turnaround took a month, so we're already way behind schedule. And I don't think LPD is like CCE which had an actual project up and running (VA was happened after a writedown of that project).