OCV octaviar limited

................. it's no where near April 1.......... but I...

  1. 228 Posts.
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    ................. it's no where near April 1.......... but I would like a qualified interpretation of:-

    "Winding Up Subject to the new constitution and the rights and liabilities attaching to Shares, Shareholders will be entitled in a winding up to any surplus assets of the Company in proportion to the number of Shares held by them, less any amounts which remain unpaid on the Shares at the time of distribution. However, if this deduction results in the distribution to the Shareholder being a negative amount, the Shareholder must contribute that amount to the Company."

    ............ if one takes my naive most pessimistic view (and I have long given up any optimism with this lot) this could be interpreted that if these scavengers decide to pay themselves huge salaries from the pittance that is left of our money and the company is liquidated and is in debt,  we would become liable!

    One more reason why everyone should give their proxies to vote for a liquidation now!!!
 
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