It's interesting to note that (from memory) the Directors indicated a six million dollars surplus of assets at the time the company was placed in Voluntary Liquidation, and assured all staff and creditors they would receive full satisfaction for their debt.
I heard there were other parties interested in acquiring the assets and/or operation. Some of those expressed the opinion they were not being "encouraged" to make an offer.
The assets ultimately realised very significantly less when acquired by interests connected with the Liquidator's selling agents.
The staff did not deserve to get burnt.
