Do you mean negotiate with the ASX under rule 12.2 ???
IMO
How can one negotiate when there is no cashflows coming in to pay off huge debts ? going concern principle etc... $21m impairment etc
How can one negotiate when the the main source of inflows to pay off debts has been CR's ?
How can one negotiate when only $100k from proposed $5.4m failed CR was for machinery at Cascavel ??? Mostly fees and paying off some debts etc..
Imagine one entering a financial institution or even cash convertors etc.. with the same balance sheet and mortgages in place - what negotiations could take place in reality