opes liquidated, page-7

It was actually just a comment from 129...Just going through yesterday's circular from FH I note the following:

Around 850 different accounts are listed (I thought there was 1200?)

Around 400 have a current net value (at 9 Oct) that is now less than $10k or in the red (after Friday I imagine it will have increased again, quite possibly to 425+?)

The above could mean that the debtors and smaller creditors appear to have the majority by number, which could be critical when voting on the following:
- a DOCA (unlikely to be offered at this late stage)
- ending the Administration (of FH)
- wind up of the Company (Liquidation)

As Oct 16 will be used for valuing claims under a Liquidation, it would appear that option would adversely affect the debtors and smaller creditors. I believe another possibility (not mentioned by FH) is to request an adjournment of this vote, which is possible under the Corporations Act (thereby allowing mediation to take it's full course to Oct 20).