Ann: Cancellation of Entitlement Offer, page-6

Yes all true. The company now has distressed assets and open to larger companies that would be casting a predatory eye over them. It is possible that one of these will advance SER a loan in which case it will be back on the ASX. A loan condition will be that all assets will revert to the lender on default. The interest rate would be 20%+ with large establishment fees. Such loans are often accepted by directors because it extends the life of the company and their salaries and they hope for a miracle. But inevitably the loan is in default and an administrator moves in. The lender has priority over shareholders and the company is privatised, stripped of worthwhile assets and perhaps rebirthed as a private company. That's what will happen to VXL in my opinion, it defaulted on its loan and went into administration. Chimera capital will probably reopen the VXL plant. Shareholders get nothing. I hope that some HC members on this thread took my persistent warnings about the risks of the company seriously and got out in time. If SER does list again the share price will be around 0.5 cps. My opinion DYOR.