What you say is the most likely outcome. It just seems to bring...

What you say is the most likely outcome. It just seems to bring the process of winding up a company into question. The cart before the horse.

A few weeks ago I hoped that the name Newsat may have carried some value and therefore presented a case to keep the firm alive as a going concern. A bit of nostalgic Aussie battler fights to live another day - an entrepreneur/capitalist seeing a good story and keeping us afloat albeit at a peanut value to us shareholders initially. Renegotiate the terms with LM and recruit a new executive. Of course, all that can be done by creating a new Aussie company (without us) but that would miss out on the 'battler' turnaround story and the interest it may generate - hence keep Newsat as a true Aussie satellite company.

As the weeks rolled by that dream has faded. What us left now looks like being swallowed up by some overseas venture or corporate juggernaut.

Still curious why assets are on the market and sale in principle agreed before the appointment of a liquidiator. That is the liquidators role in proceedings after creditors officially agree no value in a rescue plan. Could there be a final twist???? Nahhhhh.