Ann: Chairmans Address to AGM, page-2

from the AFR  .......

'Mr George, a corporate turnaround and restructuring specialist who joined the RFG board last month and became executive chairman earlier this month, left shareholders at the annual meeting in Brisbane on Thursday in little doubt about the challenges ahead, saying the current financial performance was "unsustainable".'

KordaMentha are involved and they are in the grip of the banks. This is a matter of weeks now, not months before administration or very dilutive capital raising if they can get it away. My money is on administration.

Jack