GREY:AIIFF - Post by User
Post by
woolwichon Dec 17, 2014 3:46pm
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Post# 23241560
Fire Dance
Fire Dance"Greying, IMGone, Truthhurts and Marlboro"....some very thoughtful comments, all sadly highlighting the failure of senior management and the Board. What a tragedy for the many professionals and support staff who will be left suddenly stranded and likely without options.
A failure to pay the 31 December debenture interest may be the last straw. If not that, then something else soon after is likely to push ARF over the edge. In the meantime can't imagine that anyone will be paid a bonus but also doubt that any senior leader will be fired since this could trigger an obligation for the directors to personally pay contractural severances if the company does not have the money to do so.
Would really like to know if senior management has had or will have a lavish holiday lunch/dinner/party and whether leaders from the company's distant offices will be flown in on a private jet.
For a company that has been fond of always talking about its safety measures the terrible irony is that they never warned investors about how easily they could be injured holding Armtec shares.