Shareholders MISLEAD to believe FALSE progress status, page-8

I've seen a few of these in my times, I wouldn't be holding my breath.

Creditors need to be paid first before a refinancing could occur. This, in my opinion, will likely be done via the sale of company assets, namely the Lake Way project assets and any remaining cash on hand. Depending on the sale price (often a very deflated one, since SO4 has no bargaining power) there may or may not be any equity remaining for shareholders. Based on recent similar receivership events, the above process is still not enough to pay off total amounts owed to creditors, thus shareholders get nothing.