The only way that holders lose everything is ari goes into liquidation and the procceds can't payback all creditors, employees. If there is a DOCA then there must be something in it for holders, they can't say lets just give the company to lenders & fck the holders. Now just as reported both fed & sa government are urging banks to give ari a chance, sa gov goes further proposes to upgrade whyalla to make the plant viable. I haven't seen this kind of support from both governemnts for a company in VA, also consider Banks are unsecured is a messy liquidation in their best interest? At this stage I am rating a 50/50 chance of liquidation, there is a real chance of DOCA hence the insistance the board's choice of grant thorton. Lets just hope for the best as this is out of our hands now.
ARI Price at posting:
2.2¢ Sentiment: None Disclosure: Held
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