Ann: Company Update, page-19

I'm going to try to put a balance view on this, I know it is going to be hard and I am definitely no expert, so hopefully others can elaborate or expand, so here goes.....

I assume the current board and everyone working behind the scenes would be working for free as there is no money in the kitty.
If this is correct I am sure their day jobs that pay would be taking priority and everything being done is being done when it can, hence the delays.

To go into liquidation all the assets would need to be sold and monies paid back to those who lent us money to keep us afloat. One of those loans from 62 Capital is to be paid out in full 10 days after re-listing. That's not going to happen so re-listing is probably not something the new team are striving for just yet, because it would just cause another thorn in their side.

This then poses the question, do these guys that lent us the money want it now, if so rather than take a certain amount of cents in dollar if we went into liquidation, would they prefer to hold off and see what the financials reveal, and if they have a chance to coupe their money and keep their shares in a company that will hopefully deliver something back.
My view, and again I am not an expert, if these guys are seasoned investors and know how to make money, they have nothing to loose by waiting and seeing how this plays out as they have more to loose if the company folds completely. Then again the time will come when the decision has to be made as to when do you stop throwing good money after bad.

I feel we are very close to knowing this answer and it will be once ALL the required financials are completed and presented and all parties, shareholders included, know how the company is looking financially.

I don't think de-listing is such a bad thing, considering the what would need to happen 10 days after re-listing, however I hope there is more going on in the background than just getting the finances sorted. There will need to be a new viable project, as many have already mentioned, as well as some plan to get some cash, as no current shareholder would want to throw anymore money at this. So it would have to come from the Sophs or current shareholders or board members with deep pockets, and as I stated earlier, when does the point come when they stop throwing good money after bad.

We have come this far, however I feel we still have a way to go before we know the final verdict, however being the realist that I am I have resigned myself to the fact my money is gone and if they perform a Lazuras and get re-listed whatever I can recoup will be a bonus.

Good luck to all.