1) you don't know that TEN paid her $2million, we do know she left 9 because they WOULDN'T. Personally I hope she went to TEN on less as a show of principle.
2) TEN is, and has always been a going concern. The administrators are running it as a going concern. We are ONLY where we are because M and G pushed TEN into administration so the would GET the guarantor payments - and if they picked up TEN at a bargain even better. The return on the guarantor fees was the easiest, quickest and cleanest money available to them. Simples.
3) honestly, if you want to put your legal energy to something i would suggest you consider whether M & G acted inappropraitely by threatening Directors with legal action over drawing down on a loan when they had six months worth of continuing operations in order to find alternatives (like a sale) and whether the directors should have had more balls. CBS will get the company, shareholders will get nothing.
TEN Price at posting:
16.0¢ Sentiment: None Disclosure: Held