Won't be paying anything to Deloitte.....that is certain.
Their report was disappointing in my view.....
Key issue here is the fact that the still operational arm of BNB is trading as normal....in spite of the fact that creditors are owed $600m. Why is Deloitte NOT looking as the aspect or possibility, that International is trading insolvent.
Deloitte were engaged by Babcock Brown to provide consultancy services to the group, prior to the mess that errupted earlier this year. Deloitte were chosen by BNB to conduct the administration.
I would suggest regardless of proceeds of the $400 each funds collected .....Deloitte will be handling this matter , exclusive of any involvement of litigation specility firms.
BNB Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
