Sales, $70000 will not save the company. It is simply a means of...

Sales, $70000 will not save the company. It is simply a means of a group of people to take over the company for basically nothing. We need to know if there is any value in the company then we can decide whether it is salvagable or best sent into liquidation. The $70000 could well be to simply buy the shell for basically nothing. Or there may be some assets that have some value that we could perhaps flog of. If the company is salvagable existing shareholders could raise more than $70000 without this so called consortium taking over the company and leaving existing shareholders with zilch. Anyway any investigations into this company will weed out anything improper and existing shareholders may yet have some recourse.