Companies go bankrupt when they can't pay their bills anymore....

Companies go bankrupt when they can't pay their bills anymore. It has nothing to do with IP and theoretical values of assets. If the directors can't sign a going concern statement then she will be suspended. I don't mean to sound alarmist and obviously I don't think it will happen or I would have sold but that is a risk. Usually directors sign the statement based on being able to raise equity but that probably means another la Jo la pain trade and as they can't push it much lower I would expect a consolidation at some stage.