so 90+ % voted to terminate liquidator and new agreement signed for Alita to pay $97.5 million into ATO escrow account ( in case we have to contribute to tax bill ). and MIN to be on the hook for ATO tax bill ONLY AFTER Alita's $97.5M is used first. and MIN agrees to pay Alita's costs in determining the tax bill and MIN agrees to fund Alita so it stays solvent until final determinations.
Wow - pretty sure after that lot us shareholders will not only NOT get a payout but are likely to get an INVOICE . but if Alita survives we get to be shareholders, with no say in anything i suspect, in a company that has no money, no projects, and likely no future except for MIN to use it for tax losses or some other nefarious purpose.
Glad i hung in for the ride, absolute blitzer.
A40 Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
