I think they are trying to clean up and to structure themselves to avoid liability due to possible legal action by shareholders.
10mln in cash would be about 1.6c per share. Best case scenario would be 2c if some chinese buyer offers a bit for the rights.
Could probably recover double that with legal action, but the legal action would take years and cost at least 50% of the amount.
Ann: Potential Asset Sale and Wind-up - 4C Quarterly (Q3 2023), page-5
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