This company is broke but all part of the theatre and machivellian manourering IMO, it will live to trade another day.
Administrators will probably undertake a highly dilutive debt for equity swap that will allow it to trade again, though unfortunately at a lot less than the proposed 42c a share. GT, HNC, Cornells could end up with >90% of company. Never play holden(up) poker against a director with self interest at heart!
commiserations to all holders
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held