Have a look at the Notice of General Meeting ..resolution 3, 4...

Have a look at the Notice of General Meeting ..resolution 3, 4 and 5 where directors and creditors have agreed to convert some of the money owed to them into shares and forgive most the remaining balance of the debt. Resolution 3. Mr. Fernando - This amounts to a conversion of $65,287 at $0.04 per share and a debt forgiveness benefit to the Company of $157,044.

I'm just reading between the lines here...We do not know the details but they know...this reinforces my belief that there is definitely some good potential in this company.