lawry1dog
ARL doesn't owe anyone $21m, they only owed $4.4m as at 30 June 2013. The amount owed is probably outstanding consultant fees and rates on properties etc.
What would make ARL go broke will be the board selling all of the 'easy' assets and spending all the money. Then they will end up owing consultants and councils but have nothing they can sell to pay the bills!
The board's strategy is turning the company into a 'forced seller' of all its assets, just to keep paying bills.
OCV
octaviar limited
arl broke?, page-2
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