Ann: Notice of General Meeting/Proxy Form, page-3

They're all past issued shares for payment of creditors (except the douches) so most likely all shares are already sold into the market so that the creditors can satisfy their own cashflow requirements...
When you think about, sadly the only other option was to do a CR at 0.001 to pay everyone in cash...

One thing I found interesting is why is a listed company using a small business tax agent in Midland, WA??