Vic is due back in Sydney today. We should find out soon about the serious investors he has been talking to and when the orders will be coming. The administrators report is due on Tuesday next week. That's all I know and it looks like we will be informed about our prospects next week. Incidently Vic self-funded his trip o/s.
MSC nearly ran out of money several weeks ago and to avoid prosecution for trading while insolvent the directors put the company into VA while they scrambled around for money to keep the company going and waiting for the orders to come in. The substantial orders should be coming in very very soon if previous announcements are to be believed(especially that ~$5m Quandong order), and the company should come out of VA under a scheme of arrangement in time to fill the orders.
Not much time left before we know our fate.
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