Seems like this - creditors have 2 choices:
Liquidation - get 13.9c in the $ across all creditors
OR
Take 22.5c in the $ or stay in for 3 years and maybe
get all your money back or a combination of both
Also, it seems that creditors who stay get 100c in $ if
OCV 35% of Stella is worth about $230 mill BUT OCV shareholders get any upside if OCV share of Stella is sold for more than $230 mill.
Creditors - liquidation option clearly not optimal
Shareholders - have a chance of getting something
Sounds like a reasonable compromise.
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- very interesting announcement
OCV
octaviar limited
very interesting announcement , page-8
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