A40 0.00% 8.2¢ alita resources limited

It is intent that Assets and share sale will be a liquidation...

  1. 373 Posts.
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    It is intent that Assets and share sale will be a liquidation process.
    That is Alita will
    > sell the assets that largely are held by the subsidiaries of the Company,
    > effectively by the sale of shares of .. the subsidiary

    The consideration received by Alita, will be distributed to the Shareholders
    And the Independent Professionals ("IPs") will then pursue for "strike-off" /winding up of Alita

    As selling the assets and shares, to a listed company will have involved disclosure requirements,
    it is likely that the sale of assets and shares will be to private company.
    So count Glencore out,.. even if it "best" price
    All the IPs concerns will be to erase tracks of any sensitivity to liabilities or claims.

    The Consolidation done just prior to the "scheme", was not adequately tight/shut
    so while comfortable playing on home ground
    So, i am sure, that if not ASIC or ASX.... at least SGX is keeping a close and quiet watch

    Explain the consideration received.?




 
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Currently unlisted public company.

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