Originally Posted by
Dale Hardale
Begs the question - if the company is found to be already insolvent, when were the directors first aware that solvency was a real problem and did they act legally ??
Great question. I do doubt that they traded while knowingly insolvent at any stage because Board members and CEO’s are usually spineless people and the mere thought of being locked up in jail wiith a rockape would have them trembling with fear. However, the Administrator will now be able to lick all the toffee off the toffee coated turd and it will be interesting to see ‘what lays beneath’.