Replies to post #28696 on Empire Energy Corporation Intl. (fka EEGC)

[BLACK G0LD]

Please see a copy paragraph from ASICS guide on Voluntary Administration:

"A voluntary administrator is usually appointed by a company’s directors, after they decide that the
company is insolvent or likely to become insolvent. Less commonly, a voluntary administrator may be appointed by a liquidator, provisional liquidator, or a secured creditor."

Just because the Court ordered the Winding-Up does not mean that an Administrator could have been appointed beforehand.

[Drunken Sailor]

I would imaging the purpose of restating the SEL 13/98 expenditure is to act as a smoke screen / distraction for the fraudulent claims of $8m expenditure on 14/09.