The administration works only for the administrators.
If it comes to administration and if there's some gold/silver in the safe and they can continue the production for a while, administrators will keep generating expensive billable hours for themselves until almost all cash is milked out. They usually don't care about assets, they'll be eventually sold.
TrailStone knows that, so unless they are certain they'll be able to buy the leftovers for cheap (that is, if there are already dodgy deals being done in the background) , it's not in their interest for BOK to go down. I reckon there's a resonable chance that Sproulo will make a deal with TrailStone to extend a lifeline, the question is what they'll get in return.
BOK Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
