AFG 2.84% $1.63 australian finance group ltd

liquidation - afgha - vote no, page-8

  1. 287 Posts.
    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."
 
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