@JoshuaL ..."
lets hope our saviours Shannon and Sufian ....."
They are not saviors of anything, as nothing has been 'saved', with the company being delisted on Tuesday, so why do you still use the rhetoric that is irrelevant??
Now think of the logic of any chance of relisting, given the $1m plus in loans/debt, compared to a new unlisted public company with zero debt. It is much easier to raise funds for something without any debt, though often seed money for something that plans to be later listed.
Why would someone with a project/idea bother with an unlisted public company with debt, compared to a new unlisted public company with none?? Unlisted companies are not difficult nor expensive to set up.
Shannon and Sufian have saved nothing. The realistic business approach would be to fold Winmar and start a fresh unencumbered company with any new project. Why would the BOD want to continue with an unlisted public company with debt and assets they don't want and can't sell??
