Unbelievable. Key lesson take-away - it's the secured debt...

Unbelievable.

Key lesson take-away - it's the secured debt holders that run company's - not shareholders. And they'll call in the Administrators when it suits them and then do what's in their best interests (not shareholders) to get a return.

The writing was on the wall here about 3-6 months ago and successive ann regarding directors leaving etc were icing on the cake. The one thing that didn't make sense was the fact that the Chinese were still tipping money in. But in hindsight, they've probably bought the technology via the JV and will walk away with that for $1 with the blessing of the Administrator. Watch this space.