it's not quite over yet, as Allco is not in receivership, but the stories do indicate the quality of the APA bid, which as I said at the time smelled to high heaven, and by implication, so does the Board and Senior Management of QF.
The Board should have sent APA away with a flea in their ear the minute they knew Allco was involved, because one of the functions of a Board (and a reason that there are so many well connected people with multiple Board seats) is to examine and do due diligence on the quality of companies who want to do business with you - and I don't mean a Dun and Bradstreet check!
To put it another way, there are always shonky operators who want to do business with well known institutions, or attach themselves to your good name one way or another. Then they drag you down into the mud with them. Quite a few tried it on me at one time.
I rest my case.
Last edited by Sunfish; 25th Feb 2008 at 19:24.