Administration then Liquidation

Been thinking this will be the move from bankers.
This way the bankers get control through their own administrators and Liquidators..
The business continues operating and the banks get far better than the 50cents in the dollar proposed by GSO.
Sadly shareholders get bent over.
This is my opinion what will be released Wednesday. Its logical and once the mess is sorted the Federal govt will support the local steel industry.No one can argue this is what the fed govt would have been waiting for.
Probably great news for Aussie steel industry..dad day for poor shareholders.