Ferrier Hodgson's "enquiries" seem to be a little sloppy...
It was the "Redbank Energy Group" that had net assets of $16.1 million at 30th June 2013; not REL.
Given that the Ferrier Hodgson's "Report to Creditors" is soliciting funds to pursue REL and the directors, could this failure to make this distinction be regarded as misleading? (I was caught out before I checked the details...)
Some light reading., page-4
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