If WBC pays $140m to RHG who gets the remaining $125m - will it...

  1. 232 Posts.
    If WBC pays $140m to RHG who gets the remaining $125m - will it be used to pay off the loans or go to the shareholders?
    (If it goes to the shareholders then the ex-shares colud be below 1 cent before Xmas!).

    The other factor I was wondering is how much of a financial loss will RHG incur from mortgage foreclosures? I assume this is the reason no-one wants their loan book - or at least the bad bits, the banks seem to be willing to pay $100 of mils in commission for the good bits.
 
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