Imunro, You are potentially right, however the directors have a...

Imunro,

You are potentially right, however the directors have a massive self interest in creating value for AEJ as they are the major shareholders of the business. So I suggest that the outcome will be favourbale for AEJ shareholders.

Also, the liquidators has been trying to realise value for the lenders for some time now and the fact that the best offer on the table is one that the existing board proposed before Sh_t hit the fan would tell me that the lenders have potentially taken a huge haircut or are now participating in equity!

I am of the belief that bringing Redbank back to life and investing in new technology will only be positive to what the other outcome would be being $0 for existing shareholders.