End of the line

This is the latest information [with some minor  editing] as I received it Friday direct from the administrator
Marcus

From: MAyres@ppbadvisory
Subject: Re: Good Morning Marcus
Date: Fri, 10 Jul 2015 12:52:37 +0000

"Hi XXXXXX

Sorry for the late reply. Been pretty busy as you can imagine!

The receivers have sold the teleport business (ASX release made today) and are still in the throes of selling the launch services agreement.

Although an update hasn't been received yet from the receivers, it is suspected that the companies will need to be placed into liquidation as it is doubted the buyer will try to stick everything back together. Unfortunately this is just a guess, but once I have an update I'll be better placed to confirm this is the outcome.

If that assumption is right, then there will be no value left in the shares and Newsat shares will be declared worthless for tax reasons.  The only deviation from this is if someone wishes to buy the listed shell. There is some interest in the shell, but it will have some strings attached to it and the outcome for shareholders will likely be nominal only under that route.

Sorry I couldn't be the bearer of better news.

Marcus

Marcus Ayres
Partner"

I will post the timing of creditor meeting, liquidation, delisting, administrators report, etc. as it becomes available to me from Marcus.

So, that is it. No reading between the lines, no "what if's", no joining the dots, no hoping for miracles any more.

Been a long road, been a very colourful one, been one filled with hope, dreams and bright futures but ...........................

The fat lady has sung. It is done.