That stamp duty is a farce. I believe they calculated the stamp...

That stamp duty is a farce. I believe they calculated the stamp on an asset valued at 150 million, which is absurd given the IPO at the time only raised about 60 mill. That is the only way I can come close to a figure of 12 mill with interest included.

Nevertheless, the government is an unsecured creditor like everyone else and will have to accept 50c-75c in the dollar like other unsecured creditors as proposed by Guandong. There may be hope for Kagara yet if they can pull all that off.