Verbal update from liquidator

I spoke to the liquidator with respect to ARK the other day. In summary:

- they expect to raise some cash from the sale of company as a shell. If so, holders may get ie 1 share in shell for every 100-250 shares held;

- they dont expect to realise anything from sale of other assets (ie the +2M Malone paid for a 1% interest in congo tenement is worthless but i could have told you that before any money changed hands);

- they have had many reports of directors being crooks but it doesnt sound like they are going to proceed down that avenue;

- market update likely in january 2017.

I am disappointed insofar as i want Malone locked up and dragged over the coals for this more than i want a measley return. Anyways, getting 1 share in the shell for every 250 will no doubt be a better return than malone could ever have delivered to shareholders if the company remained solvent as wealth destruction was seemingly his only specialty. Total jerk IMO.