" As determined in the Expert’s Report, and subject to the assumptions listed at section 5.2.1 of the Expert’s Report, the value range of the Group’s assets is $43.24 million to $69.61 million (preferred valuation $56.33 million). The Group’s total indebtedness is estimated to be in the range of $86.86 million to $110.66 million (adopted Total Indebtedness of $96.16 million) on a pooled basis. Consequently, the Company’s shares in a liquidation scenario have nil value." - Excerpt from the Expert Report
Maybe They have not explicitly written a declaration of the nil distribution becoming, but I reckon a reasonable person would accept this as a written nil valuation and we won't get any distribution. (Only my opinion, would consult a accountant if you have a significant holding)
A40 Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held