They are still finalising matters with courts and Austar. Should...

They are still finalising matters with courts and Austar. Should get a letter from Korda Mentha sometime in the new year confirming that shareholders get “nil consideration” for their shares.

In short, there was not continuous disclosure about costs and debt. The company ran up a mega bill on the already maxed out credit card and then threw their hands in the air, and called in the administrators.

And the rest they say is history.