A bit more time to answer this. We have a non holder with a sell...

A bit more time to answer this. We have a non holder with a sell sentiment waving so called detrimental news as if to say gotcha. Reminds me of the old adage of "Don't stand in the corner looking stupid. Open your mouth and remove all doubt".
Tony has all sorts of financial sheit at the present. CLE doesn't nor does EUR have these problems. Liquidators have to get paid. In most cases their money comes out of whatever that is being liquidated. It is not a cheap slice. Liquidators only get their money by getting the best value for what is being liquidated. Oakwood has shares in CLE and EUR. It is in the liquidators best interest to keep CLE and EUR alive and buoyant to get the best value of the shares. So they are going to promote rather than restrict the trading in these stocks.

At the time of handover of Glory, Oakwood owed $39M of which was a $33M loan to itself. The shortfall is $6M as the $33M can be deferred. $6M is the maximum that they can pursue. The question is was Oakwood insolvent at the time? Only a portion of Oakwood assets have been presented to the liquidators. This leaves some serious accounting to be done. This will take time. This will either show that Oakwood was either solvent or insolvent at the time of handover. Then it is a case of proving that Oakwood knowingly traded insolvent. Then and only then can they assess whether they will pursue a charge of trading whilst insolvent. If this happens then Tony may be banned from holding any directorships. This could be 12 months away.

In the meantime Tony's current work is done. EUR deal has virtually gone through and is in the hands of Sizzle and CRMA. Anybody can do Tony's job now in that vein. CLE is in the hands of Paul Berend. Paul will be doing the required work. Tony is needed to get the next deals. This is the area Tony excels. If needed a new Chairman will be voted in. That new chairman might build something with the cash.

If anybody is thinking "woo, Ha" we are in the shite then they need to get out of their mother's basement more often.