"If the proposed orders sought pursuant to the Termination Application are made by the Court, then the Liquidators understand that the Directors intend to appoint Chris Ellison, Norman Ashton and Rod Sutton to Alita’s board of directors, with " Alita’s shareholders having the opportunity to ratify those appointments at the next general meeting of Alita."
If the resolution to terminate the liquidation is not passed then that will be end for for us shareholders. The company will cease to exist and no general meeting will be held. If the company is still an on-going concern, then the company will have to call for a general meeting to ratify those appointments including the appointment of CE.
If you don't want CE to be appointed as a director then you have an opportunity to reject the appointment of CE as a director.
I voted "FOR' the "TERMINATION OF THE LIQUIDATION" in the resolution on my VOTING FORM.
A40 Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
