I would like someone with some financial/accounting ability to read the liquidatiors report to creditors on the attached link.
http://www.rodgersreidy.com.au/gold_coast_titans_pty_ltd/creditors_and_members.
It basically says (as I read it) that the Titans were trading insolvent. That is illegal from my understanding and the directors are liable to prosecution and not being able to be directors again of ac company.
I followed this up with ASIC and they told me they are still waiting for further info....The latest report to creditors/members has not been posted yet it was over a month ago....The Titans are dodgy, their directors should not have been put back in control of the new entity when the NRL took over....Yet they continue to survive and prosper under the new regime. Wonder how all the little guys who lost millions between them feel.