At least as per the court orders the provisional liquidators shall, within 42 days, provide to the Court a report that includes:
- the identification of Merlin’s assets and liabilities;
- an opinion as to the solvency of Merlin,
- the value of its assets and whether it has kept proper financial records;
- an opinion as to whether Merlin has contravened any provision of the Corporations Act and whether there have been any suspected contraventions by Merlin’s current or former directors or officers;
- the likely return to creditors;
- and any other information necessary to enable the financial position of Merlin to be assessed.
Hopefully by end of November we get some clarification on the severity and scope of the criminal activity.
I am actually hoping that the following shareholdings are thoroughly scrutinised and rescinded where appropriate.
Chabad Properties Pty Ltd 300,000,000 shareholding 9% interest
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