I doubt the major lender will release funds with the same board....

I doubt the major lender will release funds with the same board. They are on borrowed time with the clock ticking for their directorship. If I was the lender one of my CPs would have been their resignation and having proper directors on the board.

Agree with your comment from the other thread re class action... they should have made JR's approach public and let the people decide. He bid when the share was trading at 12c or so (estimate based on the fact they never released any info apart from "earlier this year"). I would have been happy with a 15c -16c offer. I doubt they had SH interest when they didn't disclose their bid.