Ann: Appointment of Receivers and Managers, page-30

sid, the only place to start is last year's financials - total liabilities $20m. And things will only have got worse since then. Missed the half yearly and yearly financial accounts, I'd bet the paperwork is a mess, anything worth anything will have been sold to keep cash flow tottering along .....

CCU would have been in far better shape when the Receivers were called in. AYN has been allowed to deteriorate into insolvency, rather than the directors being pro-active.

Sorry folks, I'm absolutely certain it's a dead duck for shareholders this time around.