So what is actually happening, page-114

Guys,

I suggest for those who own shares read the attached document regarding liquidation.

In addition, you may find the articles on Ferrier's Website helpful and give you a name to call if you have questions.

Types of liquidation. ( yours is the first type)

There are two types of liquidation for an insolvent company: creditors’ voluntary and court. The most common type is a creditors’ voluntary liquidation, which usually begins in one of two ways: 1. when creditors vote for liquidation following a voluntary administration or a terminated deed of company arrangement, or 2. when an insolvent company’s shareholders resolve to liquidate the company and appoint a liquidator. Within 11 days of being appointed by shareholders, the liquidator must call a meeting of creditors who may confirm the liquidator’s appointment or appoint another liquidator of the creditors’ choice.

In a court liquidation, a liquidator is appointed by the court to wind up a company following an application, usually by a creditor.

from the liquidators last official communications the R & M were still trying to sell the MBN assets.

I hope it works out for the best but I'd plan for the worst.

GLTAH.