They are still in the woods - but, they have a plan and a leader.
I do note recent senior staff departures and change of auditor. This actually greatly encourages me, because there must be some new blood brought in to correct very serious and basic process difficulties. I am not suggesting that these difficulties were due to the people departing - but sometimes organisation culture needs to change and otherwise good people get caught up in this transformation process.
Maybe there is hope for SCF?[/QUOTE]
I think so.Timaru is a wealthy place.A lot of this wealth has been helped by SCF.there is a lot of goodwill.Hubbard did not walk.Instead he has put more of his wealth at risk to keep SCF afloat.
Because of this goodwill the right people are there with plans to keep it going.It is allways harder to work through trouble than an easy receivership.I spoke to Paul Preston one time.I asked him why he worked to save Smiths City.He told me he sorted out The Farmers after Chase Corp ran into troubles.
He said he saw the same customer,supplier goodwill with Smiths that he found was the key to saving the Farmers.Possibily Maier,Kerr and others see this with SCF.?