Beyond a joke. Please let me know if I am correct with the...

Beyond a joke. Please let me know if I am correct with the following. The threat of liquidation is completely empty. The recapitalisation is for a shelf company. The new entity will not own the mine. The assets will be $10,000. We need to know what happened to the mine. Has it been sold? If so where did the funds go? They refer to a debt of $112,519,826 being eliminated. Was this the total original debt or has it reduced via a back door sale of the mine? How can they even reference this debt without referencing the asset to which it was secured. Why would the big creditors (Noble PIC etc) vote in favour of this without knowing what happened to the asset. Of course they know.