SIT 0.00% 0.3¢ site group international limited

Administration?

  1. 163 Posts.
    lightbulb Created with Sketch. 10
    Given the AAT is not allowing Site to operate as an RTO in Australia, one wonders whether this will end up in administration/liquidation?

    The $750K QC bill was paid in shares presumably because they had difficulty raising money at the last capital raising.

    It's hard to see if their RTO income is cut off how they can survive with all the property leases, equipment leases and staff in Australia
 
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