Gone they are, but I don't think its a corporate two step to avoid retrenchment pay. There are some fairly nasty allegations of large scale fraud and its my understanding that one of the principles has already been arrested and that there is more misery to follow.I believe a lot of people have lost a lot of money and they are understandably pissed.
It is disappointing, failed companies in the industry do no good for the ailing cause. It seems that prolonged economic hardship is set to claim a few more casualties in the not too distant future.
Sterkte to all those facing a hungry Christmas