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h00ts

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05/11/14

10:37

Post #: 14237475
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Originally posted by Hawka ↑

We all know that with the appointment of Receivers/Managers that is not good for PLV however the way this company has been managed and stymied by unfriendly creditors etc.there was really no where else to go.

The Receiver/Managers now have control and need to act in the best interests of ALL Parties even though the Receiver/Managers will chew up much of available cash.

Lets face it as Shareholders we were being held to ransom by some unfriendly parties and the share price has dived to all time lows .

For a long time I have thought PLV were headed for this outcome and the appointment of Receiver/Managers is unlikely to make it any worse than it was for existing Shareholders.

I hope this course of action STOPS those parties trying to undermine PLV from getting the company for nothing, which I think was their aim.

I am are long term holder of shares only because there has been little opportunity to dispose of them with Trading Halts etc.

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"I hope this course of action STOPS those parties trying to undermine PLV from getting the company for nothing"

What is the chance of GNR and WEG making a joint venture offer to buy out the company from the reciever - leave enough cash in the kiity to pay back Watpac and the rest of the shareholders get "X" cents in the dollar with the left over crumbs ???

PLV Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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