I know AB is on the creditors list with a claim against Newsat.
How much? Depends on who you ask. The figure AB quotes as being owed is a long way from the figure on the creditors list. Hopefully it is also a long way from reality as well. I reckon he owes us a lot not the other way around.
As Fluffy points out whatever he is owed should firstly have the balance of his outstanding loan offset against it in full.
In fact it should have been squared up at time he was made redundant.
As things stand creditors will not get much back per $ stumped up but it will still be a long way in front of what we get.
NWT Price at posting:
11.5¢ Sentiment: None Disclosure: Held
