forge group shareholders threaten legal action, page-7

How deep is this mess, was it only the fault of the management ??

1, The books also have to be audited externally, did the auditor also fail to identify the problem and cash burn practices.
We all knew Forge had cancer, but i didn't think it was terminal, who gave Forge the clean bill of health.
All involved can be held responsible, they all have, assets, insurance and should be held responsible if found to have been involved in misconduct.

2, ANZ also extended credit to Forge as early as november, this alone gave me the confident in Forge, after all ANZ could not see enough problems, so they extended the lending.

3, the institutions, Black Rock, BT, and others seem to have fallen victims for the same reason. After all the institutions look at the numbers, they do research, they analyse and yet they got caught in the under current.

The question is what is the cost involved in getting to the bottom of this, and how long, who will fund it, how much money can be claimed, who gets it first.
If the share holders start proceeds are they entitled to the money awarded, if any. Or will the creditors, employees, and suppliers get paid first.