You could argue that New Moonie led Richard to Administration by...

You could argue that New Moonie led Richard to Administration by dangling the funding carrot in front of his nose. Now New Moonie can invest on much better terms. Then again, sh%t does happen and the report does add flesh to the story of what went wrong. The ATO should regret what they did when we claim our capital gain losses.

The Onergy proposal seems the better deal for all. Unfortunately, it once again relies on the funding promises being met. I'm not happy that the administrators will only present their recommended DOCA to creditors and only present the Onergy DOCA as a plan B before discussion of liquidation. Looks like the Ostana deal will put GSA into liquidation and let the taxpayer deal with employee obligations.

The Onergy proposal also seems to get the business back into operation with funding for MAD. It is not clear at the moment what Ostana intend to do.

I was surprised that when GSL did their last cap raise and SPP, the discount was so small. Other companies around that time were doing much bigger discounts and won the support of my limited capital. I did support the SPP, but only on a token basis.

So Richard only has until Friday to get a funding commitment documented that the Administrator's believe. He would now have a much easier sell to new investors as GSL is on its knees. Remember, the original New Moonie deal was above the share price at the time. It will now be much lower, but there has been a significant disruption to the business. RC is looking to get $10m+ of new money into the business (see preconditions). I don't know how you go about re-instating appropriate staff - they may have moved on.

I've lost money under the Tullochs and lost money under RC. I therefore would prefer 20% vs 10% as a new starting point. I still believe in the IP and want to be involved.

I hope after a Onergy DOCA and election, the Arena deal gets re-instated. I'm not yet sure what path the Tullochs intend to take the company, so can't comment on Arena, but they do have a track record of getting money from Governments.