Since when are share holders creditors. There is'nt a snowball's...

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youmustbeyoking

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18/01/21

19:15

Post #: 50254981
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Originally posted by Haplo: ↑

I'm aware of that. However, the previous unsecured creditors who were owed money were extinguished in the first DOCA. Hence, the only creditors remaining are CHE and A40 shareholders.

It's the reason why Rowsthorn purchased shares from GXY so that he could argue as a shareholder as all the other creditors were removed.

GXY I suspect sold some shares to Rowsthorn as their own legal action failed. So it was a case of selling shares to Rowsthorn in an effort to help him in an attempt to halt the sale. Rowsthorn is a well-known corporate raider and clearly, his legal team would have a better chance is halting the sale.

Are GXY and Rowsthorn working together - maybe. I suspect it was a case of helping each other in an effort to halt the sale. If they are successful in that action then they may part ways and submit their own bids.

I'm more interested in what CHE will do. Further legal action is the last thing they would want. Who knows what further information is raised during the proceedings.

They could be forced to cut a deal with Rowsthorn but none of their parties want to share the assets. They want to retain 100% themselves.

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Since when are share holders creditors. There is'nt a snowball's hope in hell that shareholders are going to get something ever from these goings on. Yet you are already laying your pipes for pumping.

A40 Price at posting: 8.2¢ Sentiment: None Disclosure: Held
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