" presume you have the creditor's listing if you are able to determine the money that creditors will get back percentage wise and who the secured creditors are."
No I don't.....just speculating. It is the Administators job to get the best deal he can so perhaps if someone is looking for a backdoor listing then is $2 million reasonable when compared to the costs to list a company from scratch? Honestly I don't know the answer to that. Can anybody suggest what that start from scratch cost might be?
And yes dilution if a backdoor listing is going to hurt
holders....totally agree.
As to the IP not sure there is any real or realisable value for Clay as a stand alone asset?
the latest from the administrator, page-11
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.58M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $54.27K | 3.549M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 65 | 13333613 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 7765192 | 13 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AZL (ASX) Chart |