ARI 0.00% 2.2¢ a.c.n. 004 410 833 limited

Ann: Update from Administrators, page-25

  1. 7,844 Posts.
    lightbulb Created with Sketch. 282
    Also have a history of flogging assets on the cheap well below market value while in collusion with the banks who in the case below were found to have acted unconscionable.

    Letting a business sit idle for 2 years while extracting fees and allowing all presales to fall over then letting it go for $56m when valued at over $200m. Sort of makes you wonder who the eventual purchases are and what links if any they have to administrators and if the asset is sold at a later date at double or triple the price.

    See what eventuates in the future.

    http://www.onlineopinion.com.au/view.asp?article=15254&page=1
    Last edited by street professor: 30/12/17
 
watchlist Created with Sketch. Add ARI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.