receivers called in according to the strayan, page-4

Wow. I knew things were bad but I didn't expect that they were that bad. The divergence between Eddy Grove's representation of the company's state of affairs and its true affairs was simply unbelievable. It was just in March this year that they were predicting a $300m-plus net profit. I don't think things have changed too much for the childcare industry 8 months earlier. So where did he get this 300m profit figure from - one has to wonder.