Latest update from Chemeq's administrator.
Page 14 (5.2) indicates shareholders can look forward to one day in the future receiving three fifths of five eights of F/A.
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CMQ 12:40 PM Reconvened Second Meeting of Creditors 22 PDF
http://www.asx.com.au/asxpdf/20080513/pdf/31937458fhn9w1.pdf