Everything is in the hands of the administrators. They will come...

Everything is in the hands of the administrators. They will come up with a recommended plan. It can involve anything and the creditors can reject it at a vote.

They are legaly required to look after the best interest of the creditors, not shareholders.

Note holders are creditors, but those notes have conditions.

There will be an outcome well before notes are due.

Note holders should be getting together and dealing with the administrators as a group.

Shareholders are out of the picture, so administrators will not be doing favours for them.

It isnt nice, but shareholders are now irrelevant baggage with no say.
The directors are not running this company anymore. The administrators are and they have no obligations to shareholders. They dont even have to report to the market, but some will. Dont expect a quarterly.

You probably wouldnt want to see it anyway. If it was going to be good, they wouldnt be in VA.