McGrathnicol have posted the report to creditors. They list up to 71M+ of assets that may be available to unsecured creditors aside from clawbacks mentioned in the SMH article.
Assuming all creditors (secured, unsecured, subordinated) participate equally in those assets that could be a return of 6c on the dollar. It could be better or worse depending on where AFGHA ranks against unsecured creditors and whether or not the secured creditors would participate with equal ranking. Of course it also depends on the price received for the assets.
Shares in Gridx : 0-6m partnership interests: 0-20m units in AEP : 0-45m shares AHC and MFP : ? Shares in property trusts : 0
Hopefully someone reading this is going to the creditors meeting tomorrow and would be willing to ask a few questions for me!
AFG Price at posting:
14.0¢ Sentiment: None Disclosure: Held
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