Thast's just a reference to the investigations that the Administrators are required to do under the Corps Act. It literally means they are looking into:
confirming the assets of the company
sorting out which proofs of debt lodged by creditors are genuine and which ones are full of S...
ascertaining the date the company became insolvent
ascertaining whether the company took on any new debts or other liabilities post the date of insolvency
whether there's any potential claims against the directors for insolvent trading and/or breaches of directors duties.
I wouldn't read anymore into it than they are just going through the motions of what they have to do for now.
VEC Price at posting:
1.2¢ Sentiment: None Disclosure: Held
