ALF94 - Theoretically yes to both. There could be a last-minute reprieve if a white knight appeared. We could trade again and we could apply to relist in some form. In practice you're more likely to find a roasted snowball! Or the AIM will be cleansed of the incompetent/liars/cheats/down right crooks of management! Neither strong possibilities.
We are now basically in the hands of the receiver. If the oil SP situation wasn't so bad (for us!) we might get some value for Puka/Shannon prospect. Maku seems to be in hands of another receiver. But buyers probably won't pay much. Any outstanding creditors will be first. Then undeserving pay cheques for some of the BOD...then something for the receiver...then what pittance is left will be for shareholders. Including the BOD.
Still can't understand how/why directors allowed the £3m Primary Bid bid to fail. Could have totally transformed the whole picture. The cynic in me almost thinks they wanted it to fail...Puka/Shannon then gets passed on to some other cowboys for a pittance....wonder why? Only that failed. So now it's the receiver who will decide what happens. Might even get a cheque for £1.99. But probably not.
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