There must be still much to be revealed over this saga.
If Chris Murphy was indeed 95% geared - the shares were still there as collateral. One presumes the short fall if any has to be covered by Chris Murphy's group of companies.
So if the *poor punters* (Can't call them share *holders*) can only expect 30% is the dollar maximum back where the hell did the other 70% go?
If gearing ranged between xero percent to 95% (at the extreme end) the total value of the shares should still equal the mortgage to ANZ plus the *poor punters* equity.
The missing 70% plus must have gone somewhere.
What am I missing here?
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