AFG 2.89% $1.43 australian finance group ltd

afgha - phone call to administrator, page-59

  1. 274 Posts.

    also there's no point us debating whether noteholders will receive a return.

    it's totally out of our hands now. and one thing i do know is the liquidation process could take 2 years to complete.

    so we should just move on for the time being and forget about afgha.

    if we are lucky then perhaps sometime next year we will open up our mail to find a big fat cheque.

    i still think $1.7bn of assets should fetch at least $1bn. and i'm sure that's what david clarke and co were thinking when they put her into administration.

 
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