I've seen this before. Sadly the process now is one where...

I've seen this before. Sadly the process now is one where shareholders will lose ownership and the company will be in the hands of another party, probably the one VXL is indebted to. As a private company it may do well and perhaps be listed again at a later stage. The administrator may comment on the blatant breach of continuous disclosure rules but nothing is likely to come of it.