NZSKY : your'e technically right of course : I think the issue is really about the future worth of existing shareholdings in WPG.
As you probably know, it's proposed that existing shares will be consolidated to 4.5%, and 95.5 % new shares issued to 'Wilson Parties'. However, the 'Wilson Parties' DOCA (recommended by the Admins and supported by WPG Creditors) is still subject to shareholder approval. If shareholders don't support this, then WPG may be wound up (according to the Admins).
An existing shareholders' shares (what market value ?) will become 4.5% of their value or zero. So in practice existing shares in WPG will be 'wiped' 95.5% or 100%.
I have previously suggested : there should be a forensic analysis into the demise of WPG and any future proposals.
NOT formal advice : please do your own DD![]()
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