Paints a very sad picture indeed - a lot of good money after bad ($47 million) for all of 2012/13 until administration, just what were the Directors thinking, things seemingly were never going to improve?
However, the Administrator has yet to uncover any acts of impropriety by the Board, they must be breathing easier, though if they have a conscience they surely wouldn't be able to sleep.
Ann: Administrators Creditors Report , page-2
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