CAI 0.00% 11.5¢ calidus resources limited

If voluntary then:The voluntary administrator will liaise with...

  1. 75 Posts.
    lightbulb Created with Sketch. 19
    If voluntary then:
    The voluntary administrator will liaise with creditors throughout the appointment, however, there are two key meetings:
    A first meeting of creditors is typically held within eight business days of appointment where they vote to replace the Voluntary Administrator or to form a committee of inspection.
    A second meeting of creditors is typically be held within 25 business days of appointment where they must vote to:
    accept a proposal – known as a Deed of Company Arrangement or DOCA – put forward by the directors to.
    return the company to the directors’ control, or put the company into liquidation.

    Has the fat lady sang or is a DOCA likely or possible?
 
watchlist Created with Sketch. Add CAI (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.