Hi CHC. Like you infer anybody associated with AB on the face of it does not inspire confidence.
However a DOCA from this guy strikes me as being better than giving in to a sell up.
Some More from The Australia Newspaper sounds interesting as follows:-. "Mr Byrnes said he was representing a major Australian property group, a hedge fund and a series of "high net worth individuals" who were seeking to gain control of the failed leasing and property empire. However, the complexity of the group -- which has 66 arms under administration -- was causing headaches.
"I thought I set up complicated structures -- I have had to read this stuff 50 times to try and understand it," Mr Byrnes said.
"For a living I show people how to set up a structure so when they go broke they cannot pay anybody.
"But this is just brilliance."
AFG Price at posting:
14.0¢ Sentiment: None Disclosure: Held
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