TIM 0.00% 4.4¢ timbercorp limited

Ann: Appointment of Voluntary Adminstrators , page-18

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,329 Posts.
    lightbulb Created with Sketch. 383
    This is going to be as messy as liquidations can be.

    Protracted and with many a law suit flying. It might even outdo the hue and cry over Storm Financial.

    The losers will be the shareholders and growers...in fact there will only be two winners...perhaps three.

    (1) The liquidator - fees for years
    (2) The legal fraternity - get set to see legal action against accounting firms and tax advisors as tax scheme participants look to put the blame elsewhere for their losses.

    The potential third winner is the company that comes along and buys the assets at, as one other poster called it, "give away to a good home" prices.




 
watchlist Created with Sketch. Add TIM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.