the company into administration

"The Company has sought and gained an extension of time until midnight on Monday, 23 March 2009, to finalise all of the conditions precedent. In the event that these resolutions are
not passed, or the conditions precedent cannot be met, then your directors will seek to place the Company into administration which will likely lead to the senior banks taking control over the Company’s assets, including Munali."

http://imagesignal.comsec.com.au/asxdata/20090320/pdf/00938214.pdf

I feel sorry for ppl who are keeping this shares.
When a company goes into admin sp go under.