Have you made any adjustments for the massive liquidation costs...

Have you made any adjustments for the massive liquidation costs in an actual wind up or the hundreds of millions in operating leases that become due and payable in the event of insolvency???

Liquidation value is zero for PPX and PXUPA and I'm guessing a write off for unsecured creditors and probably banks as well.

If PaperlinX stopped being a going concern, massive write-offs for everyone.