A listed company shell on the ASX is arguably worth $300-$500K...

A listed company shell on the ASX is arguably worth $300-$500K not $20K.

If CVI goes down with no creditors (extremely unlikely) then $300,000 / 1 Bil Shares = $.0003c per share.

Given that CVI probs owes or will at least convince receivers it owes money to Global or someone, they will forfiet all assets and likely the company shell to them.

Then the new phoenix will rise from the ashes with the following claim:

"New mining company with assets purchased for over $50M! 50M shares @ 20c each, get in now, bargain!!!!"