Siqro DoCA Signed & Directors Resign
Ferrier Hodgson released a statement to the ASX today saying “On 15 June 2009, Ventracor Limited entered into a Deed of Company Arrangement, With Peter Gothard & Steve Sherman being appointed as Deed Administrators”. The statement also said the Ventracor directors have resigned with an effective date of 11 June 2009. There are links to these announcements at the bottom of this email. The most likely explanation is the Siqro money has arrived and Ferrier Hodgson finally feel confident enough to sign the DoCA. The director resignation date backs this up because it is the day before the Siqro deal was meant to be completed so perhaps the administrators have back dated the sale to June 12?
Is that the end then?
Even if Ventracor has been sold to Siqro we have the option of legal action. We believe the company should never have been in administration in the first place and we believe Ferrier Hodgson have failed to perform their duties properly. Either of these could form the basis of a court case. Additionally there is the option of a class action against the Directors. All of these options are being explored.
ASX Announcements
Here are the announcements.
www.asx.com.au/asxpdf/20090616/pdf/31j2ym7x1vhs7d.pdf
www.asx.com.au/asxpdf/20090616/pdf/31j2yz9zz4ffnt.pdf
About this news blog
The purpose of this blog is to allow the Ventracor Shareholder's Group to assist in the dissemination and sharing of information, and to allow legitimate debate on the items posted on the blog. No claim is made as to the accuracy or authenticity of the content.
Tuesday, June 16, 2009
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The Ventracor Shareholder's Group does not accept any responsibility for any injury, loss or damage incurred by use of or reliance on the information.Anyone who wishes to have a comment or link removed from the website should email contact@saveventracor.com immediately.
The comments on the blog may be monitored, and the Ventracor Shareholder's Group reserves the right not to post or remove or moderate any comments which in its opinionare unlawful, threatening, defamatory, offensive, or obscene.
This "blog" has links to information on other web sites. The opinions expressed in these linked articles are those of the relevant authors.
This "blog" allows anyone from the public to post comments. Any views expressed in these comments are those of the relevant author.
The Ventracor Shareholders Group does not endorse the views or opinions expressed in the linked articles or comments.
The Ventracor Shareholder's Group does not accept any responsibility for any injury, loss or damage incurred by use of or reliance on the information.Anyone who wishes to have a comment or link removed from the website should email contact@saveventracor.com immediately.