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1,565 Posts.
57
13/11/12
13:15
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LZA,
You are correct on all fronts.
In simple terms;
Cash at end of last qtr $23,985k
Resolved Claims: ($ 3,700k)
Wind up costs est. ($ 500k)
Net cash $19,495k
From this deduct MD payout??? No more than $1m
Leaves $18,495k or $0.041 per share
This now excludes any interest earned, the sale of the tenemants the business still holds and what it does with the shareholding in Cashmere.
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