Although I agree with you in regard that the company should be liquidated and money returned to the shareholders, one has to keep in mind that, if the company is to do so, everyone in the company, including of course the Board and the Executives, will end up without a job thus loosing their ongoing incomes.
I CAN'T SEE THAT HAPPENING IMHO.
Besides, while it is all IMHO, they haven't done a great job here with this company, do you think that they will immediately walk into another job as cushy as the one here.??
I don't think so because, if it was me, and I had any say at all in another company where these people will apply to get a position, I would quickly show them the exit door. After all you can't say that their records in MEL is worth putting down, or register it in a personal resume, is it.??
Then, and if and when the company might be liquidated, it is not just a simple matter of closing the doors and dividing the money with the existing holders.
The company has to be liquidate properly and we would then have to engage the services of an Administrator or a Registered Liquidator to do it as it is required under the Companies rules.
Can you just think for a little while how much per hour these people are charging for their services.??
Can you just imagine how long it will take them to finalise it all and how long they will string it along before all of this nightmare is over.??
Most importantly how much money will be left after that.??
Welcome to the sharemarket and the ASX World my friend....that is all I have to say.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)