Announcement out today regarding appointment of PKF as voluntary administrators.
So let me get this straight, they are going into administration despite:
1. Raising $2.8m in early December
2. A director bought shares (albeit small $18K parcel) on market as recently as 5 December - did he need a capital loss to offset some capital gains?
3. In an announcement on 7 December they stated they were going to defend the Integral Energy court action as they had paid all amounts owed to Integral?
What a joke.
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Announcement out today regarding appointment of PKF as voluntary...
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