AGO 0.00% 4.5¢ atlas iron limited

well most of their shares came from writing off some debt, so to...

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    well most of their shares came from writing off some debt, so to calculate the price they got them for, need to first know how much was the debt that was written off.

    But then again, lenders sometimes only get a few cents on the dollar for those bad debts, and they account for that in their lending requirements and interest rates, so most likely they would already have been fairly covered even if a naive summation would show that they "lost" money. Like even only getting 90c worth of shares for a dollar of debt they wrote off would still be a favorable result compared to the typical outcome in such a case.
 
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