My theory is that the pot stands at $260 million that ANZ would have to cough up for their pref treatment of the AMSLA and the $95 million round robin that created a bigger hold in the pot.
The $81 million from ML.
The pot would be $341 million which is 63c based on current creditors of $540 million.
That is without M&D conduct etc. To avoing legals action from parties for M&D conduct and to stop the tidal wave of claims, the offer is going to have to be much higher than that as that figure for pref conduct is almost an entitlement to OP clients. Would be no favours in getting that amount.
opes mediation two, page-76
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