Originally Posted by
Tommy Bahama
How is it possible that an a board and ELT (some of whom have been there for years). A CEO who has been there for a year, Can seriously go to the government asking for 1.4B and they don't even know how much they already owe??? Seriously WTF! Surely the first thing you would do after joining a company notoriously addicted to borrowing money and being in hock to the eyeballs would be to find out how bad the situation is? AND it was so bad it only took your administrator ONE WEEK to find 2 BILLION DOLLARS that no one knew about.
Who on earth does that make sense too? Was administration part of the plan all along or are they all just incompetent or stupid or both? Surely there has to be some sort of enquiry? This just doesn't add up.
Had the Govt. stumped up the cash that would have but them in the debt ballpark of 8.4B. I would love to know how on earth any of them had a plan to pay that back. Especially with the same Villiage idiots who put it there in the first place still running amok.
This PS bloke seems to be oblivious to everything. What else will show up as the administrators dig deeper. This gets worse by the day.