Given ordinary shareholders won't see the proposal before the meeting, will Creditors vote on the proposal and then a SPP will be issued to all? What voting power does ASOF have at the meeting? Do they have 1 vote or is it based on number of votes held? Obviously they will want the lot for themselves. If shareholders are offered a SPP lifeline, how much would we need to raise? The previous effort only raised a couple of million and given the recent events who is willing to fork out more with a high chance of losing it all in addition to their extant losses? I hope we can save the company but I have reservations about the chances of raising sufficient capital by going to current shareholders. On that note, if the company is saved, do our current shares still have the same weighting or is that up to the administrator to decide? Might be a silly question but I've never had to deal with the scvenario before.
MST Price at posting:
0.1¢ Sentiment: None Disclosure: Held
