This academic really didn't do a good job with his 'expert'...

This academic really didn't do a good job with his 'expert' prediction.

"he believes the lenders are likely to agree to swap their debt for equity in Slater and Gordon."

"his prediction comes despite the typical reluctance of banks to swap debt for equity. He said that Slater and Gordon’s dire circumstances will likely prompt its lenders, which include Westpac and NAB, to run the risk of holding equity in the firm."

Disclosure statement: Mark Humphery-Jenner was a shareholder in Slater and Gordon and lost money on these shares. He elected not to participate in the class action.

This came out on the 13th. Debt was sold by Westpac and NAB on the 15th.

Lol. Go back to your dusty old books egghead!