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
- Forums
- ASX - By Stock
- ARI
- Ann: Update from Administrators
Ann: Update from Administrators, page-25
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)