The Receivers only work for creditors. They have absolutely zero obligation to shareholders. These are some plausible scenarios, in order of my expected likelihood:
LIFX is sold away from BUD for approx to cover most, but not all of the PFG debt.
LIFX IP only is sold to an existing light manufacturer, PFG take a much bigger hit.
BUD is acquired, with a partial debt payment but the acquirer takes on the remaining debt on renegotiated terms that are actually commercial. The acquirer would also have to inject working capital, diluting existing shareholders to insignificance (1,000 times or greater dilution).
BUD Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held
