Ann: Appointment of Receivers and Managers, page-89

Yeah, but Holdtight was wrong about everything...he still thinks DM is the world's greatest CEO he's ever met!!!

I saw a hilarious post on Reddit the day before administration. It was in a post about the worst ever ASX stocks. I will paraphrase here, but one investor knew it was time to cut and run when they turned up to a shareholder meeting and fat CEO's Rolex was cutting off the circulation in his arm, while he was eating a bacon and egg roll, with yolk dribbling down his chin.

They let it trade because they want to extract as much value as they can. LIFX is completely worthless if it doesn't trade, they might get a few million by continuing.