The liquidators could not find any of the reported cash a year...

The liquidators could not find any of the reported cash a year back and Im guessing that is the same situation now.
The only assets they could get their hands on were Cannington and Bentley.

Going through sales records the 10 units at Bentley have been sold for $4.577M.
The Cannington land has been sold for $1.115M.

It will be interesting the level of fees get milked out of this co. before the funds come back to shareholders.
It should be a simple process of the funds not being there, the assets are sold and funds returned back to shareholders determined to have no relationship with directors.

It is a shame that Hokkaido development is not ours. Or the $20M raised that never arrived in our accounts.
If $4M can be recovered after fees and it determined approx 50M shares are valid to receive the funds we would get back 8c a share.
Geez- Id end up with a profit.