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FTI Consulting’s Mr Hayden White informed the Australian Securities and Investments Commission that he and fellow Voluntary Administrator Mr Daniel Woodhouse had ceased their roles with the Company and the Company has been returned to the control of its Board of Directors. The Company is no longer under external administration.

Highlights:
• Creditors voted at the second meeting of creditors on Friday 19 January to accept the Deed of Company Arrangement proposed by Matt Shackleton
• All previous trade and other creditors of the Company (c.$4.2m) have been transferred to the recently established Creditors’ Trust and off the Company’s balance sheet
• All assets of the Company have been preserved
• The Company is finalising the audit of its 2023 financial accounts which when lodged will partly address the suspension of APC from the ASX: the Company is working towards resumption of trading on ASX in March 2024
• Prospectus to raise a maximum of $6m through a Priority and General Placement of shares with $2.75m underwritten by Canaccord Genuity as Lead Manager and Cumulus Wealth as Co-lead Manager

[ATTACH=full]170187[/ATTACH]
[ATTACH=full]170189[/ATTACH]
.
state of play from last year...
[ATTACH=full]170188[/ATTACH]
.
going to be a lot of new shares. current holders can double down and hope, for consolation ?

.... and a major consolidation down the track

<blockquote data-quote="Dona Ferentes" data-source="post: 1263697" data-attributes="member: 66457">(can&#039;t see the attachments)FTI Consulting’s Mr Hayden White informed the Australian Securities and Investments Commission that he and fellow Voluntary Administrator Mr Daniel Woodhouse had ceased their roles with the Company and the Company has been returned to the control of its Board of Directors. The Company is no longer under external administration.Highlights:• Creditors voted at the second meeting of creditors on Friday 19 January to accept the Deed of Company Arrangement proposed by Matt Shackleton• All previous trade and other creditors of the Company (c.$4.2m) have been transferred to the recently established Creditors’ Trust and off the Company’s balance sheet• All assets of the Company have been preserved• The Company is finalising the audit of its 2023 financial accounts which when lodged will partly address the suspension of APC from the ASX: the Company is working towards resumption of trading on ASX in March 2024• Prospectus to raise a maximum of $6m through a Priority and General Placement of shares with $2.75m underwritten by Canaccord Genuity as Lead Manager and Cumulus Wealth as Co-lead Manager[ATTACH=full]170187[/ATTACH][ATTACH=full]170189[/ATTACH].state of play from last year...[ATTACH=full]170188[/ATTACH].going to be a lot of new shares. current holders can double down and hope, for consolation ?.... and a major consolidation down the track</blockquote>

[QUOTE="Dona Ferentes, post: 1263697, member: 66457"] (can't see the attachments) [COLOR=rgb(41, 105, 176)]FTI Consulting’s Mr Hayden White informed the Australian Securities and Investments Commission that he and fellow Voluntary Administrator Mr Daniel Woodhouse had ceased their roles with the Company and the Company has been returned to the control of its Board of Directors. The Company is no longer under external administration.[/COLOR] [B]Highlights[/B]: • Creditors voted at the second meeting of creditors on Friday 19 January to accept the Deed of Company Arrangement proposed by Matt Shackleton • All previous trade and other creditors of the Company (c.$4.2m) have been transferred to the recently established Creditors’ Trust and off the Company’s balance sheet • All assets of the Company have been preserved • The Company is finalising the audit of its 2023 financial accounts which when lodged will partly address the suspension of APC from the ASX: the Company is working towards [I][B]resumption[/B][/I] of trading on ASX in [B][I]March 2024[/I][/B] • Prospectus to raise a maximum of $6m through a Priority and General Placement of shares with $2.75m underwritten by Canaccord Genuity as Lead Manager and Cumulus Wealth as Co-lead Manager [ATTACH type="full" alt="Screenshot_20240204-161610_Drive~2.jpg"]170187[/ATTACH] [ATTACH type="full" alt="Screenshot_20240204-161610_Drive.jpg"]170189[/ATTACH] . state of play from last year... [ATTACH type="full" alt="Screenshot_20240204-160327_CommSec.jpg"]170188[/ATTACH] . going to be a lot of new shares. current holders can double down and hope, for consolation ? .... and a major consolidation down the track [/QUOTE]

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