Final throws for Chao Mu?

Well, it seems like the last of the nails are being head-butted into the Tao Group's coffins as WSE announced earlier that it was now undergoing a decision making process to assess what to do with the situation. Not sounding good for shareholders, with WTF seeming like a closed shop as the cut-off time for delisted companies was 19th October and THI and TGB didn't have assets that could be liquidated or dispersed to bond or share holders.

I saw some comments made in forums around the place and I have spoken to a few people in-world in the last few weeks about what they thought of the situation...many, unfortunately, had come to the conclusion long ago that Chao was a dodgy character.
I am going to try and dig up all the info from the relative sources, but I would appreciate if anyone could help collaborate here by posting some links or divulging their stories. I will update accordingly. If anyone has any firm history using the "escrow" system, that he stated was going extremely well, I would appreciate this as I am unable to find 1 single shred of evidence!!

Simple facts so far:
Chao Mu was a regular with positive news announcements for his companies
September 4 - State of the Union address announcing plans (stock price began to recover)
October 21 - Announced a dividend for 1st November. This is yet to have been received
October 29 - Announced that everything was "almost complete" and there would be a dividend for both stocks in the coming weeks
November 15 - WSE halts both stocks stating a response is required
November 21 - WSE announces that the five-day response time is up

Sincerely,
Logansan Oh
- CEO, Chairman

(For the conspiracy boffins: Chao is listed as being from Austin Texas...didn't the IP resolve to Austin for the recent bank attacks? LOL!!!)