CEO giving up and calling in administrators is unacceptable and very betraying. I was invested in wmc and the CEO also decided to call in administrators right after raising 60 Million, if they just continued everything would have been fine and would have been 5x-10x sp increase by now. I think what happened in both cases is a lender put pressure on them. Lucky I didn't get into this but I probably was going to at some point.
Ann: Administrators Appointed, page-113
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