R.E and E.I.F
does anyone know the answers to this?
We are all afraid that under some internal deal LION will become R.E and then some flyblown NSX share deal will be 'David Tweed' like foisted on us.
Now, I appreciate that EQUITITRUST has an ADMINISTRATOR and I presume that (as shown in Minutes and emails posted on this site) will attempt to sanction the transfer of R.E rights of the E.I.F to LION etc etc.
Maybe, there is nothing that 'we' can to do stop that.....
BUT (and my question is) David Whyte of BDO was appointed as Receiver of the E.I.F by ASIC. He has obviously had a fight on his hands BUT does not appear to be afraid of teh fight and has now taken steps to physically move the E.I.F to new offices away from the McIvor Mein Fuhreren-Bunker.... all good stuff. Get some arm's length dealing into all of this.
HOWEVER this being teh CASE does it mean that whether or not Hall Chadwick transfer the R.E rights of the E.I.F to LION or not, David Whyte still sits there as the RECEIVER and will simply continue to sell down and realise assets with the SOLE PURPOSE of distributing CASH to existing por UNIT HOLDERS.
Is this correct?
Or can HICKIE/HONEYMAN/ LION/ HALL CHADWICK upset this and foist some fly blown share swap on us all?
does anyone know the answers to this?
We are all afraid that under some internal deal LION will become R.E and then some flyblown NSX share deal will be 'David Tweed' like foisted on us.
Now, I appreciate that EQUITITRUST has an ADMINISTRATOR and I presume that (as shown in Minutes and emails posted on this site) will attempt to sanction the transfer of R.E rights of the E.I.F to LION etc etc.
Maybe, there is nothing that 'we' can to do stop that.....
BUT (and my question is) David Whyte of BDO was appointed as Receiver of the E.I.F by ASIC. He has obviously had a fight on his hands BUT does not appear to be afraid of teh fight and has now taken steps to physically move the E.I.F to new offices away from the McIvor Mein Fuhreren-Bunker.... all good stuff. Get some arm's length dealing into all of this.
HOWEVER this being teh CASE does it mean that whether or not Hall Chadwick transfer the R.E rights of the E.I.F to LION or not, David Whyte still sits there as the RECEIVER and will simply continue to sell down and realise assets with the SOLE PURPOSE of distributing CASH to existing por UNIT HOLDERS.
Is this correct?
Or can HICKIE/HONEYMAN/ LION/ HALL CHADWICK upset this and foist some fly blown share swap on us all?