Best case scenario (for current share holders) is that they slap together a recapitalization, which only the big board names will invest. That will dilute everything (which small share holders have), to basically nothing (not marketable parcels for many share holders). They can be sold on http://www.delisted.com.au/ who normally purchases worthless shares (for next to nothing).... so you can take a loss on the tax return this year. The debt owing to whoever may be repaid in shares which would dilute everything also. It is a poor ending when you got big names at the top, who may have had some trust backing them.
Always hate seeing bad results and outcomes.
What said above or... they could just do a regular liquidation and sell the assets off and repay a portion of the proceeds to the people who have the debt. The debt holders will likely buy the assets also... so it's a win win for them!! Sorry for your loss
TEN Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
