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Yes, it's very frustrating. Our understanding is that the Board...

  1. 222 Posts.
    Yes, it's very frustrating.

    Our understanding is that the Board cannot make any decisions while in Admin, but the Admin does not have the power to appoint / dismiss Board! Status quo until one of the three options coming out of Admin:

    1) Return to Directors
    2) Deed of company arrangement
    3) Liquidation
 
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