share value when relist

I spoke with the case manager today at Ferrier Hodgson and was told that shareholders keep their allocated shares.

I rights issue will happen for the creditors so there will be some share dilution though. Should know more in the next 15 days.

So if you had say 30,000 shares before the administrators were appointed, you will still have 30,000 shares upon re-listing.

Not sure where the 1 share for 20 came from???

Please explain.....