Hi TD, hope your punt works out!The directors must call in an...

Hi TD, hope your punt works out!

The directors must call in an administrator if the company is about to become insolvent.

People (eg like a bank) who are owed money by a company are entitled to call in an administrator if they are not going to get paid. In the case of MST, this is the note holders - if it had been a bank that was owed money, MST would have been long gone!

So in this case, it would be the board of directors who would call in an administrator, unless the noteholders decided to do it - but if they were going to, they would have done so by now.