It seems that by placing the company in administration the directors were hoping for a quick liquidation. They get paid millions and shareholders get nothing - blatant corporate fraud.
The administrators of course couldn't care less as long they get paid. This company has been stolen from long term shareholders and the directors should be in jail. Instead, they walk away with their mansions and millions and some shareholders lose homes and life savings.
Sickening is the only word.
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VCR
ventracor limited
It seems that by placing the company in administration the...
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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