good news will come!, page-12

At least the strong fundamentals we can see across the industry should bode well when the liquidators come in. I can definitely see an appetite for risk in the market. Investors in FAS should see returns as potential buyers of SHIP compete and well and truly pay off all associated debt. ***fart noise***

I wonder if any company, ever, who took out loans from cash converters in the magnitude FAS did, has ever been successful. If there hasn't, it should be regulated or criminalised (or criminalise idiots like me to prevent red tape). The reason shareholders get paid last in liquidation is because an equity stake holds a larger risk then lenders. The risk rate of return for the lenders was astronomical and therefore the return for shareholders would have had to be out of this universe.

Good lesson learnt for this numpty. I am going to keep my funds in more secure locations such as the pokies.

IMO, DYOR.