BNB babcock & brown limited

Is that 3.5c per note, or 3.5c in the dollar of their face...

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    Is that 3.5c per note, or 3.5c in the dollar of their face value? Also, if the people who paid their $400 to fund the case get paid first, will that mean there's nothing for the rest of us? (My holding is small that contributing the $400 would almost have doubled my losses.)
 
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Currently unlisted public company.

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