TSL 25.0% 0.5¢ titanium sands limited

creditors meeting, page-2

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    Have downloaded the report and will give it a read hopefully tonight. At first glance there is nothing here for shareholders. Unsecured creditors may get 021 - 0.26 cents in the dollar. My understanding is that shareholders rank behind unsecured creditors - would be delighted to be told otherwise.
    Perhaps someone with financial / insolvency skills could give us a heads up.
 
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