Is this just another way for them to potentially take more money...

Is this just another way for them to potentially take more money out of the remaining cash balance by claiming administration and due diligence fees on a potential transaction that they never intend to progress?

They have had 3 years to come up with a potential transaction, but have deliberately actually done nothing, because they have been pilfering money out of the account as supposed administration fees, and supposed fees for winding up all the Asian subsidiaries, which nobody actually believes.

If you look at the company balance 3 years ago when it went into administration, and what is left now, you will see that this administration company has been able to pilfer over $4 million for themselves in this time, which is why they never attempted to either return the capital to shareholders or come up with another business option like a merger.

It's been nothing more than legal theft, and they have played the system beautifully, almost draining the company account dry for themselves.

I suspect that there won't be a merger with another business, it's a fake promise, but they will take as much as they can in administration fees by saying that these payments were due to their due diligence and work on a potential merger. What a joke.

Legal theft for 3 years, that's what it's been, nothing more, and it will continue right to the end.

Of course, they could prove me wrong, and I hope so, and then I will have to change my opinion of them, but the question still remains, why didn't they come up with another transaction over the past 3 years, and one is left with only one really viable explanation for this.

Gw