gday roamer,
i have just read over the last annual report,what i have found was that intellect did give a break down of what was happening in each region e.g asia europe australia etc....but more so from the point of breaking things down to make it easier to understand what was happening in each region...i cant see anywere were each region operates as a seperate entity,making it hard to believe that a particular region i.e intellect europe has gone in adminerstration.perhaps what u r reffering to was the court order that prevented creditors from chasing IHG for monies owed...this was released late last yr were by the major creditors of IHG agreed to take shares in the compnay 75,000,000 as part payment of monies owing...these shares were isssued on a face value of .05 cents per share...the whole thing of the court order was to indeed prevent adminerstrators being appointed.
in regards to joss haag being appointed as adminerstrator...which i know is just ur opinion[and nothing wrong with that]...is that haag is the chairman and temporay ceo and has been with the company since 1999...therefore he couldnt be employed by ihg as he already works for them.
again it would be appreciated to learn from were u heard this rumour?...as i said the thing about suppliers chasing thier money has already been taken care of late last yr.and was part of the restructuring deal
cheers
IHG
intellect holdings limited
