is this a big joke?, page-21

The problem is BEPPA holders are in no position to bargain. The company can simply say, "Take this deal or we go into administration."
Administration/liquidation will take a decade at least. Do you want your capital tied up for 10 years or more and have very little chance of seeing any? Liquidations of that length cost much more than the net asset value right now. The NAV will be eaten up very quickly with firesale prices for the assets and huge expenses for the liquidator/solicitors etc etc.

It is my opinion that management would be desperate for a stock suspension and I would not be surprised if we get another announcement that forces the ASX's hand to suspend the stock from trading. It will then be interesting to see if the stock ever trades again.

I wouldn't dare even trade this stock now for the above reasons. My money can work far more efficiently in other stocks, without the risk of a permanent suspension.