Not sure. What to expect is another group of spivs will arrive...

Not sure.

What to expect is another group of spivs will arrive with projects in hand or projects in mind, will issue a whole bunch of shares or do a consolidation and then issue shares to buy said project and go on milking it till they go bust. If you're lucky there might be a run up in price where you can escape with a few bucks.

There have been a few success stories. Aurora Oil and Gas was taken over as a shell, ended up getting sold for a few billion. The management from Aurora are starting up again at the moment, unfortunately I don't think they're after a backdoor listing this time.