Ann: Prospectus, page-53

It's not up to shareholders in administration. Administrators act for creditors and the new directors paid $200k into the creditor pool for the privilege of buying a once listed co. I think they paid too much! The company didn't even have an asset to relist on so they had to raise over $3m instead of the usual $1m.

If the co went into liquidation shareholders would have got nothing. At least you have something albeit small and you can always average down. Who knows if these guys find something good and it goes for a run you might make some money back. Instead you're choosing to down ramp the only chance you have.

This is a new company. The only thing it has in common with the old one is ACN!