Large Dick Smith Shareholders big loss

Looks like a lot of peoples super funds will be affected. the top 20 holders are mainly nominees....

If the super funds still held, and many margin lenders lent against Dick Smith, they would have not thought administration would have happened now.

I only had 2000 shares bought on 24th dec for 35.5c... im sure many here on hot copper had huge amounts of them..

Its Voluntary Administration... it could be recapitalized and may relist??? A slim chance its not all over....

They get rid and close non performing stores, get out of the onerous leases....

It will be interesting what unfolds as many eyes are watching...