When a company on normal operation, theoretically the...

When a company on normal operation, theoretically the shareholders rights and interests are highest, after but when the company be takes over control by the voluntary administrators, the shareholder rights and interests are smallest, meaning that manifests the investment defeat, the risk is proud the principle, even might not as well as a company employee's rights and interests.
Must understand that the modern shareholder is not "God", real "God" is "the company’s primary creditors are its staff, who would be owed around $5.2 million in entitlements and termination payments if the company went under. It is they who would be considering whether to accept a deed of company arrangement designed to keep the company in the hands of local investors."

SPP to sound very attractively, but implements specifically is difficult.

After possibly the best result maybe be a miracle story of takes over by "white knight" or after bankruptcy, when frequently finally firesell , some shareholders can RC purchase company and privatization .

If some PP still want keep SPP go on really, the better way : the first is to determined how much the present subscribers and how many the accurate sum .this will possibly let the administrators see if this plan earnestly the feasibility.