should be a good trade, page-98

Thanks. With reference to the Appendix 3B quote in my previous post above, it has crossed my mind that the effective price is probably zero, i.e. 'Nil cash consideration'

I'm no debt restructure expert but it's feasible that creditors were simply issued a pile of free hold shares for a debt exchange. They've bought in at zero, in exchange for carrying the risk of BLY ceasing to be going concern. For companies that successfully recover, creditors are sitting very pretty.