Just spotted this in SMH: Training day It's good to see that...

Just spotted this in SMH:

Training day

It's good to see that Ross Shrimpton has not lost belief in his labour hire and training outfit Ashley Services Group, despite its recent troubles.
Former true believers – such as Labor luminary Simon Crean – found the going a little tough when its troubles began barely a year after the float, and jumped ship.
Shrimpton – who trousered $41.6 million when the company floated on the ASX in 2014 at $1.66 a share – is part of a group taking over the $5 million cash advance facility that Ashley has with Bankwest.
The entity being handed the credit facility, Shrimpton Holdings, will also get the security that Bankwest held over unspecified assets of the Ashley group.
"The company perceives this to be a positive change with a more flexible and supportive lender that will help meet the business needs of today and in the future," said Ashley in an announcement to the ASX.
It might also come in handy depending on the outcome of the strategic review of this IPO disaster story on February 28.
Shrimpton, who is now managing director of Ashley, and still owns 60 per cent of the group, will be delivering the news.  
Ashley's interim chief executive/chief financial officer Paul Brittain tendered his resignation last year – just a few months into his new role – and will be out the door in a matter of weeks.
There is still no word on how the search is going for a permanent CEO to replace Stewart Cummins, who stepped down in September – effective immediately – after seven months in the role.
At least the outcome of the review will provide some clarity for the upcoming class action suit, launched by aggrieved investors who are alleging mis-statements in the 2014 prospectus.