All
Just finished listening to the 1st creditor meeting over webcast. I have a specific question about CFD clients.
To sum up, we'll end up as unsecured creditors as there is a $2M shortfall (provided Deutche Bank provide $45M).
This is horrible, compared to Futures client.
At least we know we have about 36% cash, after deducting the Deloitte fee and potentially other small exp, I would expect min of 30% in the dollar return worst case scenario. Best case scenario is up to 80% I reckon.
Any thoughts on CFD situation guys?
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- mf global - 11/11/11 creditor mtg q&a
AllJust finished listening to the 1st creditor meeting over...
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