PGPASAS
I have now read the artiles. Sound quite damming of Catalen.
If I really look at the true way to resolve the situation it is to wind up the company. That way the A Class situation is resolved.
In essence winding up the company would deliver;
Cash on Hand $9.0m
Vendor Loan $8.5m
Electrical Business value $75.0m
TJM value $12.0m
Total available $104.5m
Less A Class at Face value $1.20 ($33.6m)
Left for orinaries $70.9m or ($2.10/share)
Surely this is a better outcome for both classes of shares!
panel publishes reasons, page-10
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