Ferrier's will be asking directors "how did it come to this", their investigations
will include questions to MIN, when their response to their reasons for
appointing receivers will become known, MIN will also be asked if they will
"Lay off" for a period of time to enable EGO to try and work through their
problems....This also depends on Ferriers assessment, Ferrriers will also
have contacted all other creditors by now to guage their intent given this
action has been iniated....Ferriers will also have been given a sum of money
agreed with EGO that will be held in trust to ensure Ferriers get paid....
Ferriers wage bill will be exorbitant, receptionists will be charged at $100
an hour or more ranging up to approx $400-500 per hr for the principals...
No-Winners here and not much hope in my opinion....
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Ferrier's will be asking directors "how did it come to this",...
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LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
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