Ann: Material Terms of Employment (Chief Executive Officer), page-58

No I posted a link explaining the process of administration, you posted nonsense. All creditors get to vote on any proposal. Shareholders have no say in the matter. Creditors will include secured creditors, trade creditors and employees if there are unpaid entitlements. If it proceeds to liquidation, then the secured creditor will receive the security and the remaining unsecured creditors will then scramble over the remnants.

In the event of a default or administration, a secured creditor can also appoint a receiver who will receive the secured assets to satisfy the debt. If these don't make the secured creditor whole, all other creditors (and shareholders) will get zero unless the secured creditor is feeling generous.

All that matters to people on here - you get nothing.