Latest AFR Article, page-239

I’m not sure I get
Your point- are you saying that just because fcc, the secures creditor was getting regular accounts, as per the company’s responses NSW to aware letter, fcc would nt or couldn’t move to secure their interest?

IF the annual accounts of a company are materially wrong- then the monthly ones which you would
Reasonably assume formed the basis of the quarterly and annual accounts would have to be wrong as well right?

My question was simple- if they are materially wrong to the downside- wouldn’t there be a risk that a secured creditor could simply put it into administration to protect its interest?