Perhaps most concerning for investors, KordaMentha’s new...

Perhaps most concerning for investors, KordaMentha’s new appointments intend to “immediately commence a process to market the company and its assets for sale and recapitalisation opportunities.”
This shock revelation may come as a surprise to investors, as Managing Director James Brown commented promisingly on the company's prospects in an update released late last month.
“We are also pleased with the support being shown by our lenders while we work through the process of restructuring our balance sheet to achieve reduced financing costs and ensure the long-term sustainability of the business,” he said at the time.
Despite James's recent comments, the news of receivership seems at odds with company’s continuing operations.