the article from PN Pharmacy News went on to say that
"Sigma Healthcare is facing a $2.6 million bad debt after Guardian and Amcal franchisees in the ACT went into administration.
The wholesaler is the main creditor of the pharmacies and is owed around $2.6 million for “inventory supplied”, according to a Federal Court decision related to the administration. "
Would they not have ownership of the stock in the stores? Did they offer entended credit terms similar to the original CW deals which got them into trouble the first time and how many of these deals are there?
What type agreement did they have? What type controls do they have so that Guarantees don't get fully drawn up and used for rent and staff payments?
Lots of questions in my mind.
Looking Cheap imo, page-50
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