I am participating with IMF. their last letter stated that we...

I am participating with IMF. their last letter stated that we are likely to get something in the order of 3c per $1 lost, if we are lucky. the company has about $3Bn in liabilities and only $300Mn in assets. the balance sheet was loaded with goodwill and eddy blew most of the cash. they effectively overpaid on all the centres they bought, so the $2Bn they lost is safely in the hands of the people that happily sold them their centres.

my advice - write off the $4Ok as a tax loss and good learning experience. earn it back this year.... :-)