A Blue Star no vote likely to result in receivership: CEO
"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 company in July 2008, says the company was badly hurt by the global financial crisis and the downturn in the printing industry.
However, under his leadership, the company has invested in the parts of the business likely to be successful and has won a number of contracts including printing ACP Media magazines.
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