So am I am right in believing that the likely outcome now is an evetual sale of the assets of the Company through the official receiver - the assets of course, being Local Garden and the VertiCrop system? If this is the case, what a heck of an opportunity for a third party to pick up these for peanuts and carry the concept forward unencumbered by any debt load or pending court actions! (The potential Chinese interest reported by the Company could be rubbing their hands at this opportunity). I trust also that the Company will provide greater details (or preferably an independent engineer's reeport) on the extent of the VertiCrop system breakdown. The cost of repairs must surely be a factor if it has been the eventual cause of the assignment for bankruptcy, and surely us shareholders have a right to know this, as we are the ones now being hung out to dry? Although the debt load the current management team inherited has also undoubtedly been a factor, there have also been some pretty dumb decisions made along the way e.g. the decision to dump the UK operation with their team's backgound and experience with the system and hydroponics. Can't see that the engineering errors subsequently made with the VertiCrop system would have occured if their technical boys had still been on board.
