
News
Strategic book value deficit at $195.5m
Thursday 2nd of September 2010
The deficit is based on the stricken firm's estimated assets and liabilities as at May 31 and confirms unsecured creditors are likely to get nothing.
Liquidators John Cregten and Andrew McKay said they won't call a meeting of creditors because they "believe the value of the assets of the company available for distribution to unsecured, non-preferential creditors is likely to be zero."
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