 Typically, the affidavit grounding the application for an extension will indicate that the examiner is in negotiations with one or more proposed investors and, on that basis, he believes that he will be able to formulate proposals for a scheme of arrangement.Importantly, if, at any stage, the examiner forms the view that the company no longer has a reasonable prospect of survival, he should make an application to the High Court pursuant to section 18(9) of the Companies (Amendment) Act 1990 for directions and the court may, on such application, give such directions or make whatever order it thinks fit, including an order discharging the examiner, lifting the protection of the court and directing that the company be wound up.Any delay in making any such application may adversely impact on the examiner's subsequent application for payment of his remuneration.