The creditors meeting on 13 March approved a new sales and purchasing agreement. The Purchaser has paid in an additional $ 560K (non refundable) making a total so far of about $1.4M (non refundable) to keep the show ticking over and pay Pilot Partners.
The purchaser and their third party guarantor have until 31st March 2017 to pay the settlement fee of about $3.0M to finalise the deal.
Inching closer so hopefully some money soon coming the way of the creditors after nearly a year since the start of the VA