As with Merz. this an awful outcome. It's only at times like this is it bought home to others, how dreadful events like this shatter the lives of ordinary folk. Yes, there is risk; but only a few weeks ago management were spruiking, " ... how happy they were with their lenders ... 'finance there were several options available'".
There should be an investigation of any statement that may have misled SHs.
Ann: Appointment of Receivers and Managers, page-345
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