update out, page-15

You only talking about 4 staff from Taylor. Not the entire staff at every rate listed. i.e. 2 Partners, 1 accountant and 1 office assist for example formed the admin team.

This was also on page 5.

We estimate that fees for the administration until the date of the Second Meeting of Creditors will be approximately $250,000 to $300,000.

As part of the refinancing, it looks like they have earmarked 3 mill for themselves for the entire admin process, and to allow for an extension of the second creditors meeting to September or so...they'd also need about 2-3 mill for staff/maintenance etc until they re-list.

In total, the Refinancing Arrangement provides approximately A$6 million of working capital to the Group, so it looks like they have budgeted for the above.