Vultures circling to pick at the carcass

I can't read the full article, but Kogan, QBD and Dymocks are expressing interest in the business.

https://www.copyright link/street-talk/kogan-qbd-on-the-scene-at-collapsed-booktopia-20240704-p5jr4j

https://insideretail.com.au/business/dymocks-looks-to-buy-certain-assets-of-embattled-booktopia-202407

Now, let's talk about bankruptcy proceedings! You know what that means? Debt holders get to be first in line, because who doesn't love getting paid back at cents on the dollar? It's like winning the lottery. if you lost the lottery. Meanwhile, we shareholders will be left holding a worthless shell of a company, wondering how it all went wrong. But hey, at least the administrator gets to take their fees, so that's something, right?

By the way, did you know that this ticker - BKG - has been used before? Yeah, I checked the Hotcopper threads, and it looks like BKG was previously associated with some other company. Third time lucky for the next dreamers perhaps...