Ann: Update on Receivership Process, page-11

It's interesting thinking about the possible reasons why investors sometimes prefer listening to the sound of 'solvency mantra' instead of taking urgent action when the alarm bells are ringing.

https://newswire.iguana2.com/af5f4d73c1a54a33/wpg.asx/2A1081627/WPG_Response_to_ASX_Appendix_5B_Query

https://www.auasb.gov.au/admin/file/content102/c3/Going_Concern_Issues_in_Financial_Reporting.pdf

Hopefully the appointed administrators will uncover the unscrupulous details of this debacle & can claw back a significant amount of funds for shareholders. You never know how things are likely to pan out until the administrators prelim report.