Fancypants,Maybe not all is lost yet. Review the previous posts...

Fancypants,

Maybe not all is lost yet. Review the previous posts on this forum over the last couple of weeks.

There are two proposals on the table for the administrator to consider and last week he adjourned the second creditors meeting, allowing an extension of time.

One proposal is to wind up the company wit the SH's walking away with near nothing.

The other is a proposal by a syndicate to keep the SH's on board with a minimal dilution and keep the company as a going concern, push the company forward rapidly with production to supply the registered interest, and push forward with production and supply. This is being done through Dianne at Lloyds solicitors in Brisbane and is well advanced.

I am not advising you to join the syndicate, do your own research. Lloyds contact details are on this forum.