Post by
InspectorGadget on Sep 16, 2013 4:53pm
To all us mushrooms
Since there is a tradiition of keeping all the stakeholders in the dark until the last minute I can tel you with reasonable certainty that Bentleys accounting have been appointed adminisitrators for The Cash Store Australia (at least that was the case on Friday, they may have gone running when they realised there wasn't enough money in the coffers to even pay them!). As usual the announcement to the market will be right on close of business today so they can bury it as much as possible. Why was this not done on Friday when they actually were appointed? Again in the spirit of honesty and ethical behaviour staff are being told that it will be business as usual soon as there is a good chance the shareholders will bail out the company (pass me the joint) and customers are being told that they have "systems issues" and will be back and lending in a couple of days. I can also tell you that a shareholder action for TCS Aus is about to kick off.