What's going on?

OK, Rebank went into admin because the lenders couldn't agree a way forward.
The administrators couldn't get any value of of what was left and shut down operations!
AEJ got an extension for holding its AGM until 28th February 2015
AEJ then announced that it had put an offer in for the "remaining assets of Redbank"
This is now almost 4 months ago. We have not had any feedback from our board on;
1. The AGM
2. The cash position of the business (knowing it had around $2m in the bank when it went into suspension
3. Where on earth has the offer gotten to. Surely its either been rejected or revised since 27Th February. I just cannot believe that it is still not sorted.

As the board stated the offer was in the best interest of all parties, I just cannot understand why all parties haven't worked together to get an outcome!

I remain optimistic even though nobody is saying anything, i can only assume they are working towards a conclusion.