ann out: brace for pain - relisted, page-22

Harley77 Good point.
The DOCA is a public document is is available at the Ferrier Hodgson website
see
http://www.ferrierhodgson.com/au/~/media/Ferrier/Files/Documents/Corp%20Recovery%20Matters/Kentor%20Minerals/Circular%20to%20creditors.pdf

Shareholders should have a look at it.

Out of the $3,000,000 KGL pays toward the DOCA, it describes the unrelated unsecured creditors amounting to $11,300,000. After everyone takes their cut of fees and entitlements the amount available to the unrelated unsecured creditors is $196,724.
Shareholders should also note that the $11,300,00 only represents those unrelated unsecured creditors. There is also an amount of $54M owing to other Kentor companies which represents the loan monies paid to the operating susbidiary ( subject of the DOCA). Those companies get zip. that menas zero.
So yes think about the unsecured creditors whom have been taken to the cleaners , but spare a thought for us the shareholders whom put the bulk of the $54M into Kentor via share placements and rights issues only to see all that money barbequed.
As far as I can see Kentor has blown up $54M of our money on murchison, $11M of unsecured creditors money and when Andash goes through it will shoot another $25M ( andash in the books at $37M and sale proceeds of $15M , hence $25M loss.)

So all up and forgive me if I have this wrong but the amount lost to the company and shareholders by what can only be considered as poor management totals $80M.