Surely at some point they needed to maintain the continuous...

Surely at some point they needed to maintain the continuous disclosure requirements of a listing. And the reports also answer some of the questions and frustrations put to this forum.
I don't have a detailed take on this but I note summary of events:


-Huge dilution of shareholders with 'white knight' shareholder in Pager Partners buying 95% equity for approx $1.9m in Dec 2016. Bad for shareholders - existing shareholders may as well go home and forget about this stock
-Administrators & legal fees amounting to approx $600k are much less than the >$1m salaries being drawn by Crook-shank and his mob (good for creditors)
-Asset sales to maintain cash balance (good for administrators and creditors)
-Still a going concern with assets of value but no active buyer

With Crook-shank having his reputation destroyed - I can't see that he'd have been any more successful in selling assets than the administrators.
It's a shame there is no update on the legal chasing of Crook-shank for his lack of fulfilment of directors duties and retention of company assets etc as alleged in the administrators report of 2016.