Ann: Appointment of Joint Company Secretary, page-16

i think the bankruptcy applications may well have been put there by xstate, if the full damages payment is not satisfied then i would expect the bankruptcy applications that are there, can then be immediately acted on, any time xstate chooses. it would be completely expected to be carried out, the board have a duty to the shareholders to go full measure on the three of them, and going by the fact they have ignored the singapore judgement, and not paid, i would expect they would bankrupt them one by one whilst using the courts to examine them. which is what would have been attempted yesterday.

its been a long time in the singapore jurisdiction, and the resistance to paying the judgement amount is obviously ongoing, so xstate will have little options before them other than bankruptcy in the very near term imho.