BIG Filing for Chapter 11 and Ceasing all Operations, page-385

AS Capital (the ones who have stepped in for FC Capital) stand to be treated quite favourably by the administrators here imo. AS Capital the creditors walk away with BIGRTV IP, and liquidated assets, leaving a pittance if anything for staff owed wages. Shareholders likely to end up holding the shell media subsidary worth in the order of 3 cents per share.

Likely this will drag on for quite some time. If BIG ever relists it'll be via a reissued prospectus which in itself takes in the order of 6 months. And that process would only begin once BIGRTV is liquidated.

Would a different administrator be able to help out staff and investors here? Perhaps but definitely no guarentees.