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A Blue Star no vote likely to result in receivership: CEO
Thursday 4th of August 2011
"I think there's a perception that we've been using this notion of receivership as a threat," Mitchell told DepositRates. “We believe strongly that the banks will appoint receivers if there's a 'no' vote," he says.
The banks appointed insolvency specialist firm KordaMentha to advise them some months ago, Mitchell says.
Mitchell, who is a Blue Star shareholder and who joined the co...
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