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.
KZL Price at posting:
12.0¢ Sentiment: None Disclosure: Held