I don't have insight into the timing of an announcement from the receivers. If I were FTI, I'd be dragging it out as long as I could to collect $$ fees.
All I can say to shareholders is like it or not, DM is your best friend right now. Ideally, you want the BUD board to come up with a refinancing package and regain control of the company. That, together with any further injection of capital would be a good outcome.
Whether or not that becomes a reality is far from certain.
The receivers have a duty to accept the best bid for the assets of the company. By the looks of things, external bidders for LIFX have submitted extremely low offers and won't be successful.
BUD Price at posting:
0.6¢ Sentiment: None Disclosure: Held
