RE: Warning27 Feb 2018 09:33
The insiders liquidated the company and never attempted to rescue it. With the order book, why didn�t they raise money in July? Serco and Balfour Beatty raised capital so why didn�t they raise cash to plug hole, slash costs, sell assets, reduce overheads, some clawbacks from previous bonuses.
The directors were scared they would have to repay their fake bonuses so they went down liquidation route. They knew banks won�t lend them money and the government would be stupid to be paying the directors huge salary too.