Am I missing something here..., page-2

This might explain it:
"98% of your Paladin shares have been transferred to creditors and other investors and 2% of your Paladin shares will be retained by you (with fractional holdings to be rounded down to the nearest whole share). The share register of Paladin has been updated to reflect this transfer and your new holding statement, reflecting your updated shareholding, is released with this letter. For example, if you held 10,000 Paladin shares prior to the restructure you will now only hold 200 Paladin shares"