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Old 30th May 2008, 22:15
  #31 (permalink)  
Jetscream 32
 
Join Date: Nov 2001
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having spoken to the liquidator at length - he is not instructed to act on behalf of the parent company or any other company vehicle owned by the management of OSFC, however depending on the collective desire of the incumbents who have lost so much in deposits for flying etc there is a collective judgement that can be taken against Leslie and co in that they were issuing cheques a fortnight ago that bounced and yet still taking money in advance off of people yesterday - which when you knowing trade insolvently the directors can be become personally liable for - now bearing in mind she owns the aircraft albeit through a different company then a stat demand could i think be issued for the return of deposits as these were an advance to the company for services never supplied...

bottom line is OSFC has no assets, chatels and is not worth a light....in financial terms
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