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can I sell my shares?, page-51

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jimk3758

23,799 Posts.

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22/04/20

21:30

Post #: 44199133
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Originally posted by grabeach: ↑

When you say senior bonds I assume you're referring to the large chunk that are secured. As you say they will likely take a haircut. Below that you have a smaller amount of listed unsecured bonds (YAHHA) issued late last year, which normally will get nothing until all secured creditors are paid out. I say normally because there apparently is some clause that changes their status if an administrator is appointed. I can see a legal sh!t fight occurring here. At the very bottom are the shareholders.

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I have senior unsecured bonds. In the hierarchy they come after banks with security and before the subordinated ASX traded YAHHA bonds.

VAH Price at posting: 8.6¢ Sentiment: None Disclosure: Not Held
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