http://www.copyright link/business/mcaleese-investors-prepare-to-delve-i...

http://www.copyright link/business/...isation-details-ahead-of-vote-20160728-gqfhsq

good read and also good to have you on board Moreforme posting on the MCS thread.

a post from Djingo on the 20th July if I can quote, pretty much sums it all and is spot on.

"Havenfresh are behaving like a bunch of amateurs and I doubt they will come up with a better offer. As for the earlier question about re-listing, the Lowy consortium will want an exit strategy and will therefore push for this to happen as soon as the business has stabilised. The market doesn't seem to realise what a great deal this is for shareholders.  The banks have just gifted the company $80m and, even after giving away 35% to Lowy, there is still plenty left over.  Considering that shareholder equity was about $40m at the end of December 2015, the current market cap of $5m makes no sense. IMO, the market should be valuing the current shares as options on the future equity that will expire when they go ex-rights to the notes issue."