Maybe a life line in progress!!!!!, page-18

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1bmafish

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26/01/17

13:36

Post #: 22152827
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Originally posted by doodledog ↑

Exerpt from the announce on 13/1/17.

We wish to advise that on 12 January 2017, with the approval of the Committee of Creditors,
the Administrators have sought and obtained further orders from Master Strk in the Supreme
Court of Western Australia for a further extension of the convening period with respect to the
Company from 16 January 2017 to 27 January 2017, pursuant to section 439A(6) of the
Corporations Act 2001 (Cth.) ("the Third Orders").
The effect of the Third Orders is that the convening period for the second meeting of creditors
of KBL ("the Second Meeting") is extended up to and including Friday 27 January 2017,
and that the meeting may be held at any time during the convening period and the
period of five business days thereafter.

I am no lawyer but seems the final decision has to be made by Friday the 3rd Feb.
Getting closer to knowing an outcome now. GLTA

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Good info doodledog thanks for that, c'mon now you creditors let the lifeline be thrown.
With price of gold at the moment you would think there would be a deal being finallised now, or maybe there are agendas in play to completely close down we all lose, then restarted by creditors after insolvency.
Really hope that's not going to be the case.
Just my thoughts and opinions - good luck to us all
Fish

Last edited by 1bmafish: 26/01/17

KBL Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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