MNS 0.00% 4.2¢ magnis energy technologies ltd

The pros and cons of MNS., page-953

  1. 9,840 Posts.
    lightbulb Created with Sketch. 1199
    Administrators can void transactions which occurred prior to Administration in the case of:
    &Unfair preferences
    -Uncommercial transactions
    -Unreasonable director related transactions
    -Creditor defeating dispositions

    ASIC also has a fund available to Administrators in cases where public interest is served in furthering investigations.

    I'd be tipping these people are banking on time to be able to defeat the rules above, which apply to transactions between 6 months (unfair preference transactions) and 4 years old, prior to Administration.
    Last edited by Tekvest: 16/06/24
 
watchlist Created with Sketch. Add MNS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.