Ann: Appointment of Voluntary Administrators, page-72

So what you are saying is that the company was doing well and just decided to call in the receivers? Your bank account doesn’t have to be empty before you are at risk of insolvency and deemed to be trading insolvent.

If your theory is correct then what’s the end game? Directors and Senior management in Monaco on yachts popping Krug? I doubt it.

No-one puts a company into admin if things are going well....not enough grade and the costs were too high and yes maybe this quarter the burn was faster and maybe they processed lower grade so matters accelerated.

I just can’t see a smoking gun. The company started telling everyone they had problems over a year ago and that they would do their best to fix them. Just didn’t work out