AFG 0.33% $1.50 australian finance group ltd

afgha - a question

  1. 1,126 Posts.
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    Since AFGHA shows up on the balance sheet could AFGHA holders forgive say 50% of the debt (or convert to equity) and thus the company continues as a going concern and AFGHA become worth more/something? Given that the estimated value of AFGHA in administration is 0 then surely there is nothing to lose. The face value is ~250 Million so would have thought it might be enough.

    Given most of the AFGHA holders are major players I can't see it happening just asking the question.
 
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