Smartest as he has 100k a month coming in? really? Is it like extortion as I don't get what Property Bay are getting for paying nor how long the commitment is for? It is excessive rent Getting control of shell for zip?
Dumbest - for getting involved. Not handing to administrators on day one and not having risk
There has top be another undisclosed transaction IMO ( even if only a handshake) or someone has some really good legal advice or just relying on arslick I mean ASIC to be useless as they always have been?
Something once again doesn't add up. Is it just putting time and distance between the " bad ol' days" by keeping structure alive and away from admin and hoping that given enough time , name changes etc etc it can be reborn with losses intact to back a business into and do the cycle again. Worst case if there was a full investigation and all records were current you would think- assuming there is records and weren't eaten by the dog.
Pheonixing it and non declared control or some sort of extortion ??????
The businesses noted could be run from a kids bedroom and don't need a listed structure
