It looks like the liquidators just released a report giving an update on the status of OneMarket. Basically they have US$8.0m of cash left and expect to spent another $1.7m to complete the liquidation. This would leave AUD $0.07 at AUD/USD of 77c and the expected timing of the distribution is December 2021.
They give a range for the final distribution of $0.00 to $0.07 to allow for the fact there may be further unexpected costs/liabilities to completed the wind up.
From the numbers it looks like the total costs to wind-up were about US$1.2m higher than in the disclosure document.
Still, they did us all a great favour by swapping US$65m at $0.576 during the COVID induced currency sell-off.
OMN Price at posting:
97.0¢ Sentiment: None Disclosure: Held
