CSD consolidated tin mines limited
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The creditors have not come close to being paid. It appears the...

  1. melb_mining
    9 Posts.
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    18/07/17
    00:21
    Post #: 25918551
    The creditors have not come close to being paid.

    It appears the company was trading while insolvent since at least 2013, so directors are personally liable and they carry significant Directors & Officers insurance.

    The aim of this action is to recover 100% of creditors moneys owed, not the small return being offered under the DoCA.

    Our understanding is that the directors' liability would survive any DoCA or liquidation of the company.
    CSD Price at posting: 2.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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