Originally Posted by
chance
Creditors meeting held on the 20th April. The Chinese have walked away and did not settle the $3M, having plunged in circa $1.4M to date which was not refundable (probably all gone anyway).
However, there is another offer on the table, from the East Coast of the USA.
They have to pay around $300k in 7 days to keep in the game, if not at a further creditors meeting about mid-May it will be wound up. The Aussie representative of the new offer is none other than the CEO who was at the helm of the show when RQAC/AAA/ATAE when into VA in March 2016!
I'm just not sure what the upside is to a group bailing out RQAC? Lots of $$$ and I can't see any benefit.
I would imagine that everyone has probably moved on so wouldn't it be eaiser starting a new school if that was your intension. Any thoughts?