i saw one back in feb / mar when i was looking it up, i think it was some kind of materials trust, lots of assets, it took about 6 years in recievership if i remember correctly there after it fully emerged
like the other poster said, companies rarely (but do) "exit recievership", they usually have some kind of asset w/ otherwise no operations
for example, if in the process of winding down a gold mine they hit another vein? the original projections were wrong, crap like this happens, likewise is possible w/ 923, trust me, laster was convinced the company was backed by a patent that did not justify the market cap of the company such a company is a SCAM by definition and need to be shut down if avails itself to a business court--that's just simple business sense, there is no reason for laster to believe any directors and a priori, no matter how unsavory drago's operations were, would never be able to speculate that drago was doing a land grab--he defered to tmobile who and heard them loud and clear say that the patent had nucense value only
business sense vs legal sense are two very different animals the killing off of a company is a serious matter just like that of a person, their are stays of execution, calypso (not the directors) is proven innocent if the patent is proven and there is an order saying everyone is rich
if there was even a scintilla of truth to what you say, there would already be an auction, clearly this is NOT the norm, clearly this is NOT to be expected, but is this prescident setting? hardly because if it were it would be in the news that the reciever refused to follow the court order and hold an auction,
if you hold laster to a decision that he made and say that he is incapible of considering new facts you are selling the office his power and his capibility as a thinker very very short
the reciever has made it clear, the timeline is 3 years and that is appealable, surely at 3 years if they say than in the process of disolving the company a new all time huge vien of gold has been discovered and that every expert on earth concurs and that it would be foolish to just sell it off since a) the company is no longer insolvent and b) there is money to be made...
business sense is about making money, and money trumps just about everything...
for a business money is akin to innocence
