WPG 0.00% 1.5¢ wpg resources ltd

Ann: Appointment of Voluntary Administrators, page-73

  1. 24 Posts.
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    Fair analysis Stevie. I suspect I made the mistake of giving the directors too much credit. I did correctly say that the August Board Update scheduled would reveal all. The board obviously knew that nothing good was about to be said and so closed up shop before anything went public. I don't think there is going to be much or anything left over for us shareholders. Penalties are not severe enough or sufficiently easy to prosecute in Australia for mismanagement, so really nothing to be done.
 
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