Jump to content
SAU Community

Inner West Crew Whoretown (toowong/st Lucia/kenmore/indooroopilly And Sometimes Sunnybank?)


Recommended Posts

I wouldn't have called Wow a blue chip company, not like they are even close to a similar level as Telstra, BHP or the banks...

But most sucky for you mate. Any chance of a partial recovery at least? I know most times a company goes into receivership creditors get screwed to the wall but they get something back at least, even if it's only 10c in the $.

they 'were' on the ASX. yes it sucks. I am trying to work an angle with the admins - not succeeding..

- enough from me for the day - going to GT auto to strip down ruzic's car and finish that off.

Also, I'd be curious to look at the whole financial situation for Wow to see what caused the collapse. I remember when ADR (parent company of Crazy Clark's) went into receivership they had just posted quarterly profits above expectations and showing year on year growth. They were a thriving, profitable business. However one of their lenders got spooked by the situation in America and called a loan for several millions of dollars which ADR were unable to meet on such short notice which caused the company to fold.

I know Wow had aprox $50 million in debt split between one of the big four (thinking NAB) and creditors but unsure past that. Can anyone enlighten me as to what caused the collapse?

My understanding is they weren't making money, they went into voluntary administration a while ago.

They owed 25 mil to one of the big 4 (ANZ? NAB?), and when they couldnt make payments they forced them into receivership on tuesday

bank was NAB. they fell over once already and got a bailout. 2nd time though NAB cried enough.

kinda what you get with 5% margins..

they 'were' on the ASX. yes it sucks. I am trying to work an angle with the admins - not succeeding..

- enough from me for the day - going to GT auto to strip down ruzic's car and finish that off.

How much shit have you pulled out from under his dash, Habib feels like he's been to Jenny craig since you did the number on all the junk wiring under there.

Bloke is coming to look at my XF this arvo :)

If that goes, it there would be a convenient spot in the yard to park a leopard...

I'm liking the sound of that :)

Sorry mate I don't have Dazz's number anymore. Plus I think his guy is pretty strict. Just having a chat with a mate trying to sort something out for you though.

Edited by ARE31

How much shit have you pulled out from under his dash, Habib feels like he's been to Jenny craig since you did the number on all the junk wiring under there.

more than habib, put it this way all of his stuff is gone . he can put it back there. GT did the engine bay - I did the inside.

put it this way if someone so much as sneezes on that car he (and I) will know about it and both of us have the ability to do something about it as well.

still have to finish it off. can't seem to stay on it any more than 4 hours at a time.

wrangling PKF for money (wow audiovisual admins) seems to be pointless.. its amazing how bluechip companies can f**k up and majorly screw over everyone else in the process.. lesson learned - stick with small business.

(been a horrible two weeks and I'm slightly pissed off after losing $2500 to these fk'wits.)

i know the feeling, this is why we dont build pools for builders anymore....its amazing how many companies disappear every year.

one thing i have learnt thru all this.....shiney cars and the illusion of money in a company REALLY doesnt mean success.

yep!

learned that with SCR years ago. all of those guys were putting around in MBs and we all see where that went..

when they offered shares I passed on the idea. lots of people lost money there. same as all of those that are left holding gift vouchers for wow av.

not a happy camper.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



  • Latest Posts

    • Kinda glad I never got to this ..    https://www.facebook.com/groups/1483859159195077
    • @GTSBoy This method was able to get readings of -10 to -2, so it looks like its monitoring.  Now I need to figure out why the vacuum on the line provided isn't alternating with manifold pressure.  I went with 2 lines that an RB25 tuner recommended but I'll get a longer hose and try directly off the back of the manifold.  He may have been used to OEM intake setups while I have a DBW setup that removed the MAF and IACV.  
    • I work at a car detailing and tinting shop called Quark which gets all manner of German cars in usually (mainly due to a contract with Mercedes Benz Kita Osaka, BMW Nishinomiya and others) but every once in a while something special comes in, like a fully restored 1972 HS30 Nissan Fairlady 240ZG... The shop owner had immediately started applying film to the windows as soon as it was in the shop so the interior was completely covered in towels and plastic sheets. But I could get a few photos of the engine bay which was restored like new. Such an amazing car to see in pristine condition in Japan these days.  
    • Was going to say the car pulls up nicely everywhere, especially going into that last long right hander before the main straight. Looks like a lot of fun.
    • Hey Dave, welcome aboard! Good to see another soon-to-be Stagea owner here. The wagons are awesome — plenty of space, still got that Skyline DNA, and loads of potential if you’re into mods. Definitely post up pics when you get it, everyone here loves seeing new builds. What model/year are you looking at?
×
×
  • Create New...