Voluntary Administration, page-12

I think the idea is to see AJQ will be debt free regarding old debts as they will transfer to new notes .

Yes, AJQ could be debt free but will have a large shareholding overhang...Enter the consolidation
Massive dilution has taken place here at AJQ but the assets on the books have proven to be worth putting in more $$ for those brave enough and believe there's more value to be had. There's a monster debt been paid back which should set the sails for the MOG spinout IMO ....