Exciting20 Apr 2015 16:25
To hear that talks with Vitol and the admins are going constructively. Of course, a primary aim of an administrator is to SAVE the asset before it gets sold off, so here's hoping that the action committee have discovered that the ownership/value of the assets were not appropriately published to shareholders, which means one of two things:
1) the assets may be worth a considerable sum and therefore the company can be saved with a new (shareholder run?!) board.
2) the misrepresentation constitutes an AIM offence and therefore legal action can be taken to sue the board of directors.
Either way I, and I hope many others, remain confident that it is looking ever more likely that something may be salvaged from this catastrophic train smash.