RE:RE:Court Appointed Receiver vs. Privately Appointed ReceiverAm I serious you ask? You're clearly a linear thinker Stratochief. Try thinking outside the box once and awhile, heck you might even learn something!
So let me help you out a bit here.... firstly, I didnt write the contents you're referring to. I copied it from a legal website. "Protecting the interests of shareholders" is likely referring to situations in which the company shares are still publicly trading or in other cases where the shares have ceased trading and a shareholder or shareholders have filed a class action suit seeking a monetary settlement so in essence yes it protects the interests of shareholders.
I'm well aware that shareholders are often left holding the bag in these circumstances and generally get little to nothing when a company goes bankrupt, but as of now the company is in Receivership. So the next stage will either be restructuring or bankruptcy with the latter the more likely outcome but depending on the root cause 3rd party investigation, this could still take a sudden and unexpected twist. Just because a company's shares are delisted doesn't necessarily mean their worthless, they just can't be publicly traded. They are still on record in the Corporate Registry.
Anyway, until the company declares bankruptcy, it's in Receivership.
My opinion only.
HB77