optimistic, page-2

Pretty much a cut and paste of the announcement 13 Jan except of two changes.

Today
If an acceptable restructure and/or refinancing arrangements cannot be agreed in the near term, the Board considers that the appointment of a voluntary administrator to the Company in Australia may be necessary.

Jan 13
If no acceptable restructure and/or refinancing arrangements can be agreed in the near term, the Board considers that the appointment of a voluntary administrator to the Company in Australia may be necessary,.... as it will have insufficient funds to meet the repayment obligations on the Convertible Notes and other creditors.

Jan 13
The Company expects to update stakeholders on the recapitalization of the Company on Monday 20 January 2014.

Today
The Company will provide further updates to the market on developments in respect of the above matters.
(Now no date given)