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Agenda
The purpose of the meeting(s) is:
to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and
to receive a statement of Administrator(s) opinion and reasons for the opinion:
whether it would be in the creditors' interests for the Company(ies) to execute a deed of company arrangement;
whether it would be in the creditors' interests for the administration to end;
whether it would be in the creditors' interests for the company to be wound up;
to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs 2(a) – (c) above;
to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part 5.7B of the Act
to receive details of any proposed deed of company arrangement; and
for the creditors of the Company(ies) to resolve that:
the Company(ies) execute a deed of company arrangement; or
the administration(s) should end; or
the Company(ies) be wound up.
Other agenda items are:
to determine the remuneration of the administrator(s)
to determine the future remuneration of the administrator(s)
to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed
if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members
if the company is wound up to consider the early destruction of books and records
any other business
https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/Tritium-DCFC-Limited-650026314/a6624994-50a5-47bf-b7a4-1fddb05a07c0
The Administrator has advised the Receivers that it is presently the Administrator’s intention to hold the second meeting of creditors in the Voluntary Administration on or around September 27, 2024.
https://www.otcmarkets.com/filing/html?id=17848654&guid=O4L-kHt-e8g5jih
NOTICE OF SECOND MEETING OF CREDITORS OF COMPANY UNDER ADMINISTRATION
https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/Tritium-DCFC-Limited-650026314/a6624994-50a5-47bf-b7a4-1fddb05a07c0
Voluntary Administrators Report 20 September 2024
Pdf link
https://kpmg.com/au/en/home/creditors/tritium-group.html
the Administrator considers it is likely that resolutions will be passed for the winding up of the Company and its three Australian subsidiaries at that meeting.
https://www.otcmarkets.com/filing/html?id=17848654&guid=X4L-kp38d5wqJth
The Company currently expects that its shareholders will experience a significant or complete loss on their respective investments in the Company’s securities, depending on the outcome of the voluntary administration.
https://www.otcmarkets.com/filing/html?id=17848654&guid=X4L-kp38d5wqJth
Exicom’s Acquisition of the Assets and Business of Tritium
August 30, 2024
https://globallegalchronicle.com/exicoms-acquisition-of-the-assets-and-business-of-tritium/
Exicom Tele-Systems Limited (EXICOM.NS)
https://ca.finance.yahoo.com/quote/EXICOM.NS/profile/
Related News .. 7 Stocks to benefit from Govt’s new PM E-DRIVE scheme worth ? 10,900 Cr for EVs
Sep 12, 2024
https://tradebrains.in/features/7-stocks-to-benefit-from-govts-new-pm-e-drive-scheme-worth-10900-cr-for-evs/
A special emphasis has been laid on building charging infrastructure, the scheme proposes the installation of 22,100 fast chargers for electric cars, 1800 fast chargers for electric buses, and 48,400 fast chargers for electric two- and three-wheelers with an outlay of Rs 2,000 crore.
"I buy couple hundred $s when I can. Adding shares weekly from my paycheck annualized adds up.
I am the dumb money. I am 30k down/loss this year in my portfolio holding shares. Waiting for take offs."
"1k shares here and there on other hot stocks
I think 10k shares under a .25 @ 10.00 is a $100k
Imagine 10 hot stocks with 10k shares going to $50, it is the American dream. It's been a nightmare"
barnyarddog
https://investorshub.advfn.com/boards/edit_msg.aspx?message_id=175120101
LOLOL!
BYD, thanks. Unfortunately, it doesn't look good for us shareholders, based on the following quote from Form 6-K " The Company currently expects that its shareholders will experience a significant or complete loss on their respective investments in the Company’s securities, depending on the outcome of the voluntary administration."
Link to Form 6-K https://www.otcmarkets.com/filing/html?id=17848654&guid=X4L-kp38d5wqJth
BYD, thanks, I'm in the same exact situation.
I posted Form 6 to DD Support Board and Research Team, MOMO'S BREAKOUT BOARD, and BB's Stock Haven Boards, trying to get some experts opinion on this filing and outcome.
GLTA What happens is beyond me.
"Completion of the Transaction resulted in the sale of substantially all of the Company’s assets, and the proceeds thereof will be used entirely to satisfy a portion of the claims of the Company’s secured creditors net of transaction costs. The Company no longer has an operating business or any material assets, and the foregoing sale sale does not involve a Deed of Company Arrangement being proposed to creditors.
The Administrator has advised the Receivers that it is presently the Administrator’s intention to hold the second meeting of creditors in the Voluntary Administration on or around September 27, 2024. On the basis that a Deed of Company Arrangement is not expected to be proposed and that the Company and its three Australian subsidiaries in Voluntary Administration remain insolvent, the Administrator considers it is likely that resolutions will be passed for the winding up of the Company and its three Australian subsidiaries at that meeting.
Your company has been liquidated and will be "wound up" - meaning it will be dissolved. Tritium DCFC Ltd. will no longer exist and the shares are entirely worthless. All proceeds of the sale go to pay creditors. Common stock gets nothing and will be cancelled as part of the wind down dissolution of the corporation.
BOOM !!!!!! 6K https://www.otcmarkets.com/filing/html?id=17848654&guid=X4L-kp38d5wqJth
09/20/2024
I buy couple hundred $s when I can. Adding shares weekly from my paycheck annualized adds up.
I am the dumb money. I am 30k down/loss this year in my portfolio holding shares. Waiting for take offs.
1k shares here and there on other hot stocks
I think 10k shares under a .25 @ 10.00 is a $100k
Imagine 10 hot stocks with 10k shares going to $50, it is the American dream. It's been a nightmare
BYD, understood, thanks. Meantime, what are you doing, buying, selling or just waiting?
Myself, I added to my position a few days ago on optimistic sentiment, I kind of regret it now, as sentiment appears to have turned negative.
Ticker is an asset possibly included in the sale. We won't know until they release filings to the SEC, is my guess.
Hey , these mega caps have some class, I would like to think.
BYD, I value your opinion, what's your best guess? Somewhere in between?
Posters on other board say this is $20 stock.
BYD, what do you make of this article posted on the Stocktwits board?
Tritium DCFC Finalizes Asset Sale Amid Insolvency
TipRanks Auto-Generated Newsdesk
Sep 20, 2024
https://www.tipranks.com/news/company-announcements/tritium-dcfc-finalizes-asset-sale-amid-insolvency
Tritium DCFC Limited, an Australian electric vehicle charging company, has completed a significant asset sale totaling approximately $32 million, following the appointment of administrators and receivers due to insolvency. The asset sale to Tritium Power Solutions involves the business of designing, manufacturing, and servicing hardware and software for fast EV chargers. As a result, the company has liquidated virtually all assets, leaving shareholders facing a potential total loss on their investments.
Hey. BP Pulse had a $1 billion Tesla contract, if I remember correctly.
Tesla this year, stop chargers operations.
1,000 charges @ $135k each is $135 million
30,000 annual factory production rate is 3 billion annual sales.
....My wildly guessing.
Ok. Dcfcq with under 1 million Shares.
I guess the smart thing to do is issue shares to pay the debt off.
10 million sold shares @ 10.00 is 100 million debt paid off.
Dcfcq needs to do the right thing.
LAZ Parking is thrilled to announce our partnership with bp pulse to bring ultra-fast public charging hubs to our LAZ-managed locations!
4d ago
https://www.linkedin.com/posts/laz-parking_laz-parking-is-thrilled-to-announce-our-partnership-activity-7241518719733043203-Zxs2
NOTICE OF SECOND MEETING OF CREDITORS OF COMPANY UNDER ADMINISTRATION
https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/Tritium-DCFC-Limited-650026314/a6624994-50a5-47bf-b7a4-1fddb05a07c0
Provided by Warrock 5:13 PM
on other website.
Big news from bp pulse!
bp pulse Americas
11,451 followers
3d
https://www.linkedin.com/posts/bppulseamericas_ev-evcharging-news-activity-7241561843889012736-_TK7
LAZ Collaborates with bp to Bring bp pulse Ultra-Fast Public EV Charging Hubs to 20 Cities Over Next Five Years
09/16/2024
Hartford, CT – September 16, 2024, LAZ Parking, the largest, fastest-growing privately owned parking operator in the United States, is pleased to announce that it has entered into an agreement with bp pulse to collaborate in the development, deployment, and operation of ultra-fast public charging hubs at LAZ-managed locations. bp pulse is a leading worldwide provider and best-in-class operator of ultra-fast electric vehicle charging. LAZ manages and leases a network of distributed real estate encompassing 1.6 million parking spaces in over 3,800 locations in 42 states and 477 cities in the U.S. and Canada.
https://www.lazparking.com/our-company/about/news/2024/09/16/laz-collaborates-with-bp-to-bring-bp-pulse-ultra-fast-public-ev-charging-hubs-to-20-cities-over-next-five-years
Of my tickers this is expecting news.
Will see if anything happens.
They Exclaim Tritium 2.0 !!
Beautifully written. Nothing left out as it has transpired. I will never buy a shorted stock again. Lesson learned. My lose this year.
The business model I believe is ready to make billions in sales. Holding long my position to watch for rebound.
Watching for filings with the SEC.
Banks Pledge $386 Billion to Support India’s Renewable Energy Industry
Sep 16, 2024
https://oilprice.com/Latest-Energy-News/World-News/Banks-Pledge-386-Billion-to-Support-Indias-Renewable-Energy-Industry.html
Posted 2 months ago those are Tritium chargers !
Shell Recharge Solutions’ Post
4mo
https://www.linkedin.com/posts/shell-recharge-solutions_from-27th-may-you-can-stay-updated-on-shell-activity-7196884975479062528-jGbH
Shell Recharge Solutions
56,262 followers
2mo
Shell Recharge Solutions is a provider of (EV) technology and charging solutions. As fast-paced, innovative company with locations in the North America, Europe, and Asia.
https://www.linkedin.com/posts/shell-recharge-solutions_activity-7209246550982549505-qYMr
https://www.shell.in/energy-and-innovation/changemakers.html
exicomgroup Change was in the air at Shell's flagship event - Changemakers of Tomorrow.
https://www.instagram.com/p/C_2CeOHyUrG/?img_index=1
Exicom
We empower startups, enterprises, and individuals' freedom to go electric
#Plugintotomorrow
https://www.instagram.com/exicomgroup/?img_index=1
One Of Minnesota's Biggest Gas Stations Closing 1,000 Locations
Why is Shell closing its retail gas stations?
Shell says the closures represent the company's decision to shift their focus to expand services for electric vehicles (EVs). They plan on opening 70,000 public charging stations in the next year, and 200,000 by 2030.
August 30, 2024
One Of Minnesota's Biggest Gas Stations Closing 1,000 Locations | https://quickcountry.com/ixp/150/p/major-minnesota-gas-station-closing-locations/?utm_source=tsmclip&utm_medium=referral
https://chargedevs.com/newswire/shell-to-divest-1000-retail-locations-and-also-expand-ev-charging-coincidence/
Exicom is proud to have partnered with Shell Recharge for building a reliable EV charging infrastructure.
Exicom
55,266 followers
1d
https://www.linkedin.com/posts/exicomgroup_shellindia-changemakersoftomorrow2024-activity-7240222005961093121-wT8M
Show:Historical Prices - it keeps going Up!!
https://ca.finance.yahoo.com/quote/X96.F/history/
With little to no volume.
YL89 Yort
Sep 12, 2024 12:37 PM
$DCFCQ for the ones interested: I reached out to KPMG regarding the status of Tritium shares. As of now, it’s unclear whether shareholders will receive any return. A key meeting for creditors will be held on or before 27 September 2024, where they will vote on the company’s future. Shareholders will receive updates after this meeting via the KPMG website. There’s no concrete information on share value at this stage.
COPY PASTE FROM ANOTHER WEBSITE. HOPE THIS HELPS ANSWER YOUR QUESTION
First day of trading was Aug 5 2024 per chart graph.
🍸🍸🍸🍸
Any day now but Sept 27 is a day to watch for Exicom meeting, Tritium non disclosure agreement is lifted by AUS courts. 😃😃😃😃😃😃😃
Again, what does this mean for existing shareholders?
BYD, the closing price on the Frankfurt market matches the closing price on the US OTC market (when converted from Euros to dollars), but down 4% in the US vs. up 6% in Frankfurt. Also the closing time of 8 am CEST makes no sense, it corresponds to 2 am ET in the US.
Tritium DCFC Limited added to Frankfurt Exchange !!! Today.
Welcome to Tritium 2.0!
1d
https://www.linkedin.com/posts/tritiumcharging_welcome-to-tritium-20-activity-7239869459018960896-uVnT
Today, Tritium DCFC Limited (X96.F) Frankfurt -
https://ca.finance.yahoo.com/quote/X96.F/holders/
Tritium®’s Post - Welcome to Tritium 2.0!
Tritium®’s Post
1d
https://www.linkedin.com/posts/tritiumcharging_welcome-to-tritium-20-activity-7239869459018960896-uVnT
Ssc, don't know. As a shareholder, I'm dying to find out as well.
Acquiring company is in India. So what happened to Tritium shareholders?
BYD, it's official, the acquisition of Tritium has been succesfully completed, per the letter posted at the following link https://stkt.co/ZpbRG8O2
How many dollars is a crore?
One crore rupees is equal to approximately 14,000,000 US dollars.Jul 14, 2010
How many crores is 1 million dollars?
1 million dollars = 82410000 or 8.24 crores. Disclaimer: *The data mentioned above (USD amount) is taken from official resources, however, USD rates may vary from day to day in the market.
.........DUH, Sounds like 2 billion dollar revolving credit.
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