Ann: Full Year Statutory Accounts , page-2

It is surprising to see RDS with a net cash position of only $ 175.000 as of july 1 2013.It indicates a possibility of already now trading insolvent!
What is more worrying,is the fact,that RDS have financed Mr Ailakis and his brother to the full($ 187,669 + $ 76,641) despite announcing terminating reimbursing Mr.Ailakis.
We have not been told how much Mr.Rodney Ailakis have paid back to RDS as his share of expenses.
It is my understanding,that QBE only pay legal cost's,as in this case,if the case is won! Mr.Ailakis and his brother Rodney lost,so we have to scrutinize accounts to see how much RDS have paid - I would guess the amount paid by QBE to RDS to be close to zero.
In a company with a financial situation like RDS,this is a disaster.How can(could)the directors let this happen??
As predicted earlier,the chairman and Mr.Ailakis have taken a paycut to save expenses - a little//too late

We should have a flood a outraged shareholders by now.