Ann: Trading Halt, page-10

I’m not so sure. Their DOCA must be significantly better for unsecured creditors, of KordaMentha will end up with egg on their face.

If the CHE proposal screws unsecured creditors, they won’t vote in favour of the DOCA and A40 gets liquidated. CHE gets a handy fee for doing nothing, and KM are left responsible for the stitch up.

They must be looking after the unsecured creditors to secure their vote. The shareholders on the other hand.....