A week ago:
As Dick Smith's bankers pulled the pin on the chain this week, putting receivers in control of an operation owing more than $140 million to NAB and HSBC and $200 million to creditors
Read more: http://www.smh.com.au/business/retail/electrical-storm-how-dick-smith-went-from-a-520m-sensation-to-the-bargain-bin-20160107-gm1iq3.html#ixzz3wyyLdGaB
And today:
Creditors for the Dick Smith business include secured creditors that are owed approximately
$140m and unsecured creditors owed approximately $250m.
So the creditors are $50M higher than initially reported, $390M debt, it will be very interesting to see what the real stock value is at this point.
A week ago: As Dick Smith's bankers pulled the pin on the chain...
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