should not be trading, page-35

FIRB still to approve.

IF approved, Admistrators may be offered a ' new ' price of 22,32 or 52 cents a share. MM may cherry pick. MM would have the whip hand. Administators owe duty to banks and secured creditors, not to shareholders and unsecured creditors. The Administrator would also take out tens of millions of dollars for thmselves and might just like to take a year or so to sign it all off to a zero just above the shareholder return line.