Thanks Cuzo,This really does raise doubts about the independence...

Thanks Cuzo,

This really does raise doubts about the independence of the Voluntary Administration process. A rushed DOCA based on limited research that has cost in the order of half a million dollars certainly is uncharacteristic behaviour of top professionals in the international accounting world in my opinion.

The whole issue of voluntary administration where the VA is appointed by failed directors must seriously be questioned. If this DOCA and or liquidation results from the meeting based on my view of the lack of research and analysis undertaken by the VA then a whole new area is opened up for litigation and we know that the VA has a heap of professional indemnity insurance. I think their would be a few accounting firms that would give and opinion as to the quality of this report and DOCA.

Its now not a question of money and debt recovery - its about probity and ethics neither of which seem to be apparent in any aspect of CMR's rise and fall to date.

We have been taken for a ride from day one.