AEJ 0.00% $8.00 redbank energy limited

From the australian article - A separate hedge fund group that...

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    From the australian article - A separate hedge fund group that holds Alinta debt is also said to have raised the prospect of a debt-for-equity swap packaged with placing Alinta's holding company into administration to prevent the termination of contracts at the operating company.

    Does this mean is shareholders get nothing?
 
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Currently unlisted public company.

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