If equity was worth zero quintis would not be 8 weeks into...

If equity was worth zero quintis would not be 8 weeks into negotiations with several parties regarding a recapitalisation of the business it would of already been put into VA 7 weeks ago directors have a responsibility to put the company into VA if they strongly believe the company can not meet future financial liabilities so it must be taken that management believe a recapitalisation of the business can be achieved.

Don't hesitate for a second that current directors would risk personal prosecution if they strongly didn't believe a recapitalisation is a strong possibility even more so with the spotlight already on them.