court outcome is important

I have been rambling and believe now I have missed an important aspect of the Court hearing.
I thought the reason the Administrator made an application to the Supreme Court was because the creditors were avoiding and adjourning the meeting on the subject of Deed of company arrangement.
This meeting has never taken place the shareholders have never voted on ASOF,s DOCA proposal and now the administrator and creditors are attempting to access metal storm limited assets (IP) ? bypassing this requirement.
I think this is whats happening if anyone knows more please imform the shareholders.
The Court outcome therfore is quite important imo the best result would be a vote on the DOCA proposal or bidding on Metal Storms IP on an open market .imo



NOTICE OF MEETING OF CREDITORS
OF A COMPANY SUBJECT TO A DEED OF COMPANY ARRANGEMENT
Company details
Company: METAL STORM LIMITED
ACN: 064 270 006
Status: Subject to a Deed of Company Arrangement
Appointed: 22 November 2012

Meeting detailsNotice is given that a meeting of the creditors of the Company, or a meeting for each of the Companies, (for multiple companies), will be held:

Location: Institute of Chartered Accountants Brisbane
Level 32, Central Plaza One, 345 Queen Street
BRISBANE QLD 4000

Meeting date: 12 August 2013
Meeting time: 11:30 AM

(If multiple companies, see special instructions for meeting times)

AgendaAgenda items are:

1.to determine the remuneration of the deed administrator(s)
2.if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members
3.if the company is wound up to consider the early destruction of books and records
4.any other business
The purpose of the meeting is for creditors to resolve whether:

a. The terms of the Deed be varied;
b. The Deed terminate;
c. The Deed terminate and the Company be wound up;
d. The terms of the Deed be enforced; or
e. Any other proposal permitted under the Act be approved.