My understanding of the order in which any available monies are...

My understanding of the order in which any available monies are distributed is:

- Australian Taxation Office
- secured creditors
- employee entitlements
- unsecured creditors
- shareholder distribution

Effectively, it doesn't look good and probably the only 'benefit' to shareholders will be a capital 'write-off' for this financial year.

I suppose on the plus side is that the company is a limited liability company meaning that the maximum loss one can sustain is the value of their share holding.

Regards to all shareholders,

BTW, my stock sentiment is SELL (rapidly) !