Too late, the creditors own the company now, via the negotiations that gave them the company @ 2.3 cents per share.
I agree that the threat of liquidation SHOULD have been done back then, in order to get a better deal.
We all know what could, should and would are worth.
The issue is that back then the company was insolvent and agreed to a "bad" deal, which was still better than liquidation, however giving the company away without fighting for a better deal was very poor negotiation.
The creditors have lost nothing, now they are coming back through their appointed directors to get as much as they can.
AGO Price at posting:
2.4¢ Sentiment: None Disclosure: Held