ccc hard facts why this is junk!, page-9

Legin, your supposed to be leading some class action and yet you appear to have no idea what is going on. The idea that they are selling a few "garbage" assets to solve their problems is completely delusional. You own a holding company which has debt of at least $18m and other liabilities due now of $14m. That company has over $6m in running costs, no revenue and no access to cash from subsidiaries. About 6 weeks ago, they said they needed to sell some or all of the SA assets within 6-8 weeks or have a heavily discounted rights issue. Since then they've provided some hope in the share price by talking up indicative bids. They had some incentive to do that as a crash to zero in the share price was going to make selling assets even more difficult. Its possible they come up with a decent sale but it will be whatever they can shift I'm sure.