I say go for it Payday, but just remember that if you are a director of a $2 company and you knowingly commit the company to a liability that it does not have the finances to pay then the director is personally liabile. I am sure the legal team that has been advising you has already instructed you on this.
The underwriters could make it very difficult when you apply to be a discharged bankrupt.
I belive that this is a massive risk and what ever the unit holders are paying you to take their shares off their hands is not enough. I would gather that entering into an agreement with unitholders has been thought but considering the liability that you have already what is a bit more.
