KZL 0.00% 12.0¢ kagara ltd

yeah because a fire sale is the best outcome for unsecured...

  1. 425 Posts.
    yeah because a fire sale is the best outcome for unsecured creditors and equity... you should join the bob katter Australian party of not having a clue!

    As equity holders there are three scenarios;

    1) fire sale = get nothing back
    2) drawn out restructure attempt (successful) = get something back
    3) drawn out restructure attempt (unsuccessful)= get nothing back and administrators earn more fees than #1

    so in short you should be agnostic to #1 or #2... unsecured creditors may get a better outcome under #1 but equity certainly won't.

    being patient is all you can do.
 
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