Don't assume equal distributions. Westpac is secured. OVH claims...

Don't assume equal distributions. Westpac is secured. OVH claims to be secured (but doesn't seem to have done a very good job of it, so query what security there really is - unlike SEQ and Madisons over which security was successfully taken). Secured creditors get paid to the full extent of their security before unsecured creditor get anything. If OVH has failed to take enforceable security, they go to the back of the queue.

Others claim they own IP that has been sold, and if they're right that might be carved out of the pile.

I hope I'm wrong and long suffering shareholders get their money back but I've given up and sold out on the basis that management can't be trusted to look after whatever comes in.