AFG 2.60% $1.38 australian finance group ltd

creditors meeting and ahug , page-19

  1. 4,427 Posts.
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    even if we rank equal or above employee, they are only 20 millions. Note holders was worth 350 millions.

    our hope now is for the administrator to hold onto the business and don't sell until normality return, which would be sometime mid next year. By the look of if, they are already starting the fire sale.

    Is there anyway the trustee representative can influence the asset sale process? now is the worst possible time to sell assets, at the entry of a global recession.
 
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