appointment of voluntary administrator, page-31

http://news.smh.com.au/business/austock-reviewing-abc-learning-exposure-20081107-5k1c.html

Interesting that AUSTOCK have had a meeting with ABC reciever so soon.

"As previously disclosed, Austock has an exposure in relation to our property group of businesses which owns childcare centre properties leased on the basis of long term lease agreements to ABC".

ie ABC doesn't own its centres.

"undertaking a detailed review of its exposure to ABC and will meet with the receivers to establish the potential effect the appointments may have"

Wonder who initiated these? The reciever looking at the lenght of the arm in the relationship between AUSTOCK and ABC possibly.