The zeta deal might be a bad option but might be the only option! In this situation, banckrapcy might save shareholders from loosing more money.
About Zeta deal: Australia + Hong kong are the only two stock exchanges in the world where it is easy to list a company or keep it listed. Zeta might be attracted to this deal only for the chance to be listed in asx and from thier to the pocket of the shareholders. Asx regulations is a joke!