Shareholders should not be worrying about getting a share of the...

Shareholders should not be worrying about getting a share of the crumbs that will be left - which will end up being around $3mil if they"re lucky after paying out creditors, employee entitlements & liquidation costs.
This is only 1% of what they should be claiming.

IMO this is what shareholders claim should be ...

$30 mil as a refund of what was invested by shareholders in 2020 in the share purchase plan that was predicated on falsities ;

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$45mil which was the value of private share sales (off market) by directors to instituitonal investors at peak share prices in 2019. Ordinary shareholders were denied the opportunity to sell their shares to these institutional investors on the market while share prices were at their peak.

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The 2 year trading suspension prevented shareholders from selling their 625 million shares at the last sale price of .25c = $153 mil.
In the nearly 12 months since relisting, the share price dropped 90% due to the misguided management of the company. This represents a $137 mil loss to shareholders.
Between these 2 events, the average cost to shareholders has been $145 mil.

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Damages suffered by shareholders for missing alternative investment opportunities

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Add 30% to cover litigation costs.

All up shareholders should be looking at a $300 - $400 million lawsuit class action claim.

Fight for it.