Well, as I have said previously shares were not worth much anyway. Thats probably how Hunter Hall looks at it. Are the administrators totally independant or do shareholders and the bankers have a say. I suppose the CEOs recently written package is written so as the benefits are received as a priority from proceeds of sales.
What gets me is that the component parts of Commander will all probably be sold of now to cover the debt and then each component part will probably turn profits for the new owners who will be buying at firesale prices.
cdr...very sad...its all over...administration, page-14
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