The administrators are recommending to wind up the...

The administrators are recommending to wind up the coy.......what's left of the assets will be sold at heavily discounted prices thus destroying shareholder value......expect zero recovery for shareholders and low recovery rate for debt holders.....interesting note on the administrators web site......they state that the linc energy directors engaged them in early 2015 to determine whether the firm was solvent.....presumably to protect them of charges of trading while insolvent........you would have thought that the directors would have disclosed that fact to shareholders at the recent AGM rather than telling us how the coy was going well and improving.....shareholders were treated like dummies