That seems logical to me Sabi.
Does not look like the regulator will be interested.
So it all comes down to the Court’s orders relating to interest on 13 June. The accounting treatment makes it sound like Shine have it booked as a 30m asset, so if the Court says no to all the interest, that’s a 60m turn around.
What confuses me though is that even if Shine get the $30m in interest, I would have thought that it goes straight to WFM, so then Shine have to write down their 30m asset they have had sitting on the books?
Morrison responds to Michael West, page-26
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