If they weren't also majority share holders still holding around...

If they weren't also majority share holders still holding around 55% O/S after the DOCA then I would be very worry, they reward themself as share holders, we also get rewarded.
DSH wasn't a viable operation and creditors weren't majority share holders (that I know off) so they couldn't care and done a fire-sale months after the liquidation was announced to recoup as much money as they can and any spare change left to the unsecure creditors and then share holders.
Why wouldn't you? If it means you don't have to pay any directors that is managing your shop for doing nothing, their only option was to place it in liquidation after the VA and use that to take control of the mine and wait for PoN to recover, given the DOCA was rejected straight away (as they still own the shares) and additional funds was rejected. What else could they do but to put the mine in C&M under the disguise of "liquidation", you tell me?????