TRS the reject shop limited

Ann: Change in substantial holding, page-23

  1. 1,050 Posts.
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    Chao88, I feel your 'safety net' scenario should also take into account staff liabilities (leave entitlements, superannuation, etc), ongoing lease obligations, and of course administrator fees. These all rank in front of shareholders. I'm not trying to imply administration will occur to TRS (I really have no opinion on the matter), I'm just trying to highlight other entities that are in front of you in the queue should your scenario arise. Look at Dick Smith, and the amount they got back on inventory, which I suspect was well south of 80c/$, so you may want to discount that further in your modelling, too. I've been caught before...
 
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$6.66
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