Ann: Completion of Placement and Institutional Entitlement Offer, page-31

AMA was created through smash repairer consolidation many years ago when the Englishmen saw the opportunity in OZ. Now AMA is in a vulnerable position, liquidate does not make sense and unlikely as Agreements with insurers is valuable as is the supply chain agreements. The current executives and BoD's is the weakest team possible in rugby league they would be deemed as the " wooden spooners". The other problem I see is the whole structure and business model deficiencies that require an overhaul an assertive approach with insurers is just the start. Bringing people in based on popularity rarely works, i.e "jobs for the boys" it's ludicrous AMA need proven performers capable of evolving the business to profit as expected and required from any business.