So where to from here for “the gun” when is he going to pay up...

So where to from here for “the gun” when is he going to pay up his 29c partly paid shares? Or just wait for the company to go broke as stated in the AFR and forget about it.
Not a bad risk, maybe the company could
offer me shares at 0.001c and I’m happy to take the risk and pay 5c in 12 months time and if it doesn’t work out, I just won’t pay up and wait for them to waste their remaining funds on legal
costs..is that how it works? Hahaha