Its bleak.
Have been told that the company has nil assets.
Creditors will agree to the recapitalisation of Marion. Korda will get a few bucks and shares. TPG has lost most of its $30m investment plus interest.
As for us shareholders... divide the number of shares you have by 100 and that will equate to how many new shares you will have in the company.
Marion ( most likely under a new name) must relist by Dec m/e. That is if it does not go into liquidation.
Info will arrive shortly re a meeting and vote etc.
Hope the above assists. You may wish to contact the Deed Administrator for validation.
Also contact the new Registrary for a statement of current holdings.
One sad shareholder.
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