Yes the money was spent repaying existing debts there was also two 100 million dollar fines and the business in NSW is currently loss making. Shareholders have done nothing wrong been funding all of this only last year and get no consideration at all from the NSW government. He is yet to allow a tax reprieve that would allow the NSW business to break even. I voted for him thinking he was a fair and reasonable guy.
Ann: Market Update, page-97
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