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jefferies2 i can't see the creditors backing down especially the...

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attheopen

57 Posts.

2

11/12/14

14:22

Post #: 14445644
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Originally posted by jefferies2 ↑

attheopen

I too have been wondering how GCN's dealings with the liquidator are going? What I read from GCN itself made it seem to me like GCN was having a constructively friendly chat obout liquidation over a beer with the liquidator.

I too can't see what's in it for the creditors if a change is made to administration. That would risk GCN losing even more money - something they have been adept at doing for all their 14 years of existence.

Mind you, I can't see what the existing assets might be that will pay the ATO when GCN Pty Ltd is liquidated.

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jefferies2

i can't see the creditors backing down especially the ATO who fought so vigorously and who knows about the staff.

could the liquidator go after the directors? for that matter could ASIC go after the directors if proven to be trading insolvent?

i'm hoping for good news and do feel for the staff

GCN Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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