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Monday, May 06, 2024 1:52:47 PM
It outlines that shareholders are considered the same as unsecured creditors. A lot of the process they're going through is to make sure secured creditors are paid back. They're legally required to sell things at market value.
Up next is a meeting of the creditors to vote between three things:
To accept a binding agreement between company and creditors on how the company will be dealt with.
Immediate liquidation.
Return control to company directors
It's scheduled for the time limit of May 20th, but an extension is likely.
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