I work as an insolvency accountant and to state the obvious, there isn't going to be anything left after the following are paid:
Receivers & Managers fees
Dividend to Macquarie (in accordance with their security)
Legal fees
Employee entitlements.
Voluntary Administrators fees.
Unsecured creditors will be very lucky to receive a cents in the dollar dividend.
Shareholders have no chance, unfortunately.
I work as an insolvency accountant and to state the obvious,...
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