It's not being wound up...not just yet anyway.
The administrators will first attempt a recapitalisation and they have one proposal from Amiki on the table already. That deal seems to entail listing the migme business on the Zurich Stock Exchange using Amiki as the vehicle.
Other proposals are to be sought via expressions of interest.
Short of liquidation there should be a deed of company arrangement proposed by the administrators on which the shareholders will need to vote. So there needs to be more than just a few cents for the existing shareholders to get their (our) support.
Chins up chaps. Not all is lost.
It's not being wound up...not just yet anyway. The...
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