Ann: Revised Arrangements Agreed with Ebtec, page-40

I went to the ocean floor with Arrium and SO4. I sold my $100 Virgin Airlines bonds for $35 just before that sank. Arrium and Virgin were both stripped of assets as I described above and the shareholders got nothing. Three years later, Virgin bondholders are still waiting to see what they get, if anything. SO4 shareholders have been told they will get nothing and the creditors are still waiting to see how much they will get. Chances are that this development here will make life harder for the creditors over there.