Ann: Annual Report to shareholders, page-69

Or no need for a drawn out class action, meridian can take a page out of their playbook combined with the other top holders. Call for an EGM in light of the litigation referring to the CR and the terms
Spill the board , put their own players in, declare VA , pay out the top tier SPP ( first and only)becoming insolvent, no longer a going concern and selling the operations to a shell company owned by the top holders for the cost of the administrators costs.

then it appears the top holders didn’t lose all those millions after all and the administrators are also paid.

It might sound FAR fetched but it’s happened this way before.
after the last couple of months anything is plausible