This facade is just going to go on and on and on until there is nothing left to liquidate as the chips will be become worthless... IMO the best way forward is for the new CRO or whom ever to agree a sale over the remaining inventory, tangible and intangible and then do HF to pay back the creditors what ever they can get.

Question is who's gonna buy the chips? Who's gonna buy the IP? Is anyone actually proactively looking for a buyer? What we waiting for?