Only preliminary in nature the report, with further detailed...

Only preliminary in nature the report, with further detailed investigations to come. But deary me some absolutely scathing findings by the liquidator to date, of particular note are some suggestions by the liquidator of various breaches of Corporations Act, of which directors personally liable. The report also finds that incorrect statements to the ASX were made, primarily regarding financing. Insolvent trading also appears likely.

Liquidation and investigations will be ongoing for next 1-2 yrs.

Sit back, relax, and enjoy the show fellas.