CIY city pacific limited
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  1. Virgil
    395 Posts.
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    09/10/08
    23:35
    Post #: 4368632

    Can someone enlighten me on where shareholders stand on a wind up ?
    The 2008 report said NTA was 39c.
    I read that their is approx. a $60M gap (-ve) between between unit holder funds and asset value.
    I assume unit holders come first leaving nothing left.
    So how can their be a 39c NTA per share ?

    Can someone explain ?

    Thanks
    CIY Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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