Just called the administrator and talked to Robert McKenzie. Apparently there is a creditors meeting next Monday. The administrators will be discussing the status of the business, options and opportunities moving forward.
Robert seemed to indicate they still believe the best outcome is for the business to commence trading again as their is significant potential moving forward and interested parties willing to fund, but will require the creditors to approve those plans which would give them the best outcome.
Robert said all notifications will be done through the ASX as announcements, too many shareholders for posting information. Watch for announcements.
Guess selling the listing makes up one of the potential options, but does not sound like the primary goal.
The saga continues.....
Position...Wait and See
STI Price at posting:
0.2¢ Sentiment: None Disclosure: Held
