From what I have seen based on previous creditor reports the top rate is $300 to $500 per hour. Remember that they are managing several receiverships at once and are not there all day. Also they have sacked people like Elaine Stead so are partly replacing previous management. What is disturbing is that it is still in receivership and not administration after all the transfers and time.
If we can have the loan contract nullified (not the 30% but the contract done without our consent which was clearly in the interests of some managers and not shareholders) then KM is tress-passing and also stealing and will of course have to refund all their fees.
BLA Price at posting:
18.5¢ Sentiment: Sell Disclosure: Held
