I don;t mean to be cynical but 30c in the dollar will be chewed up pretty quickly by legal and other costs and what's left payable in 2-3 years.
I can't quite work out the maths...it was reported ANZ and others were owed $1050 million..clients had a reported $500 million in equity and there is currently $1589 million with ANZ et el. In addition there was a reported $400 million in other related companies of Opes...so why the low estimate? According to those figures there should be more than enough to pay back to clients.
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- unsecured opes creditors to get 30percent
I don;t mean to be cynical but 30c in the dollar will be chewed...
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