there have been several approaches made to the nag board which...

there have been several approaches made to the nag board which would have propelled it out of its downward spiral ... substantial funding towards imminent production .... of coarse, the catch was (and still is) the board surrenders and allows those with the capacity and skills to take over ...

... the board instead chose to embark on another raising / debt conversion, or whatever you call the last thing they did ... pure individual greed, not a single thought for the (non board) shareholder ...

... there will be no jorc, they have zero funds to complete such and no internal skill set to produce such ...

... they were banking on pass to keep some liquidity even though they were told their bid was just being used to negotiate with other bidders ... its over and they are done ... the only choice they get to make now is whether they decide to who they hand over the reigns or whether the administrators decide that ...