Someone please confirm my understandinga) Whatever assets were...

Someone please confirm my understanding

a) Whatever assets were there were sold to Wespac
b) Other assets effectively have matching liabilities mainly short term debt requiring rollovers
c) The cost of refinance would determine if anything left for us shareholders
d) What has happened is that the business continues, employees continue but the risk has been segregated and left with RAMS.
e)40 Cents per share looks like the NTA ATM. This will look small when you see whether the costs of refinance will be accretive or deplete the NTA.
f) Money put in is not the full $6B required by Feb.
g) The way I see it is much of the value will come only from whether they are able to refinace at reasonable costs and if they are able to sell off some of the book.

Pl correct me.

Having said that, cant get myself to sell the shares for 20% of cost - would rather loose the 100%.

DYOR