Cash Store Financial Services Inc CSFS

Questions that need answering

[thepartiesover]

Now is the time to ask the questions like How is it that the CEO resigned 1 day before the hammer fell and did he recieve all his entitlements, would that be considered a preferential payment and has the Administrator asked for the money back if paid. How many others in the know also got out and recieved entitlements and will they also be asked for the money back if paid preferentially. The biggest question of all though is this AFA/AFC claim they are owed 30 million the cash store book is 2.5 mill current 7.5 mill slow so when i went to school that leaves 20 million unaccounted for.
One last question is this, will any of the workers especially those that blindly followed the lead of the hierachy and stayed till the death, get a red cent of their entitlements or is it from nothing comes nothing and all the paperwork we are filling in will be for nothing. Start asking the questions because you are owed some Honest answers and your entitlements

[InspectorGadget]

Sadly the employees will get nothing as the administrator will take what little money there is and the the tax office will be next in line. The CEO should know better, you can't resign a day before and think you are off the hook. As I said I think they will go back to at least 2009 when Slade was sent over, at that point the Broker/Lender relationship was no longer arms length. They will also

[thepartiesover]

Another question that needs to be answered is why when the company could have turned the corner did Canada decide to send the savior CW the wonderboy to help out. From that point on it was all downhill to closure and what happens now does he go back to be feted and fawned over by his counterparts for a job well done, i for one and many others hope not, but in the immortal words of Ned Kelly Such

[InspectorGadget]

The party was well over before Chad went to Australia, do you seriously think even The Cash Store could burn through $20M since May? The whole thing was turning to sh*t from the moment Dave Morrison and then shortly after Mr Prada, Slade were sent out to inject the Canadian Cash Store culture into the Australian operation. Chad was sent out to look after Randy's money since he and Cam were

[thepartiesover]

Effectively then CW wasnt the Messiah as portrayed and sold to the rank and file by TD he was just a naughty boy (Monty Phython) sent out to do the masters bidding which in its self might be criminal intent. The Canadian Culture as you put it, is so ingrained in the players that they actually believed what they were doing was the Holy Grail with blind obediance to the overlords. I know that