I expect the portfolio to be worth more than the value as stated in their accounts, but will wait for the IER.
The market can be impatient, especially when you tell people "at least one case will conclude in FY2017" (see 24 May 17 announcement - they were saying we'll have one done in 5 weeks) and haven't by 24 Aug 17 (13 weeks later). That said, they seem to suggest they're close. I suppose they were also close 13 weeks ago.
The company said we should have audited results this week (31 Jul 17 announcement), so investors may be jumping ship before seeing the high expenses (cash and share-based rem), no settlement and presumably bottom line losses.
I think some investors were invested for the exciting but volatile litigation funding business, whereas in the future they'll primarily be a dull but predictable disbursement funding business. So we might have those invested for litigation funding (or still waiting for that one settlement to pump and dump) not wanting to invest given the restructure (or throwing in the towel with waiting).
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