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street professor

8,293 Posts.

284

22/04/16

14:03

Post #: 17579586
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Originally posted by R21 ↑

Agree but I think liquidation is a much smaller chance than 50:50 though.
DOCA will be most likely scenario. What the administrators put into the broth will be done to appease the banks and workers.Resolutions need the majority of money (banks) and the majority of creditors (workers via unions) to pass.

Banks probably willing to write off a portion of the unsecured (eg ANZ have provided a reserve for it anyway) and replace with a secured position.Workers want continuing employment.
Liquidation almost certainly reduces the recovered amount to an undefined amount with no prospect of future lending and makes a few thousand workers unemployed (governments don;t want that either).

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"We work smarter, respect diversity and never back away from a challenge."

They're still advertising positions, 14% super is not bad for a company in Administration. Business as usual indeed.........

http://www.seek.com.au/job/30838680...ryid=190400121302334824&tier=no_tier&whereid=

Last edited by street professor: 22/04/16

ARI Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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Last 2.8¢		Change -0.001(3.45%)		Mkt cap ! $13.96M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.8¢	$12.98K	458.6K

Buyers (Bids)

No.	Vol.	Price($)
1	35392	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	280227	2

View Market Depth

No.	Vol.	Price($)
1	35392	0.028
3	434000	0.027
3	547600	0.026
2	700000	0.025
3	294989	0.024

Price($)	Vol.	No.
0.029	280227	2
0.030	592201	3
0.031	110000	1
0.032	36000	1
0.033	25000	1

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