Ann: Appointment of Voluntary Administrators, page-28

Yep, the VA does not act in an "unbiased" fashion.

A VA acts first and foremost, arguably solely in effect, in the interests of the creditors - and who happens to be the largest shareholder.

My guess as to what the VA will recommend?

1. Sell the A1 at a bargain basement price; or

2. A DOCA that encompasses a massive share consolidation, effectively wiping out all existing shareholders.

@D1326 , the $700+ k you cited may well include the 'value' of the mega options issued to Roger a few years back....