well said, sending an ASX company bankrupt, does it mean you can...

well said, sending an ASX company bankrupt, does it mean you can buy it back later for nothing-peanuts. While you were the one who sent it down. I thought the ASX had a regulatory role in the market.
How well does MK know the administrators?, was a buy back minus debt allways on the agenda? And if the deal is done with ALE and or RBM does that indicate 'inside trading', as the market is unaware of what is going on?
Appreciate everyones views as i am having some trouble understanding just how the ASX does work.