Hi Dave I think the third option is most likley in this case and...

Hi Dave

I think the third option is most likley in this case and as per Ansett the ADY shareholders will recieve very little.

Unfortunately for most of us on this forum (based on postings I have read) many long term holders of these shares have an average cost price per share of anywhere between 15c - 30c each. We have all hung in there based on what ADY management have been telling us hoping for a miracle but with the price now sub 1c it is hardly worthwhile selling now to recover what little is left because in a recievership situation we will probably recover the same amount.

My advice is to stay in because you will probably get 0.8c per share in recievership, but by staying in you can hope for a miracle (or at least one more 'pump and dump') to claw back some more of your investment.

Cheers