Ann: Notice of NoteHolder Meeting/Proxy Form, page-6

As a former liquidator (admittedly over 45 years ago) this is a cream job.
This is a corpse, a 'floater in the pool, and the only people who will see any money are the liquidators....but they will need to be smart about the dwindling assets too.
In typical fashion - as prescribed by the act - they will go through the rituals, but the end result is a foregone conclusion. Meetings will be held, the aggrieved will bleat (and who can blame them), the former management will blame 'circumstances' not associated with themselves, Unions will stand in to ensure staff rights (which is a good thing), assets will be sold out at bargain prices (but according to the act), efforts will be made to establish priority payments to suppliers with a little implied legal threat, claims of stock been removed by suppliers trying to recoup something will go argy-bargy for awhile. But the merry go round stops when the bank balance says ZERO!

And then the priest steps forward with the insense cannister swinging wildy...a former business with a long history will be with God...and many of its former customers! Amen!