Totally agree with you, Nick.

I'm not taking sides, I'm resigned to the fate that the company will
continue (good for current employees who "can't afford to be unemployed" -
like we *could*?) but not so good for us ex-employees.

The time to strike with the media is long past. The deed has been agreed to
and only needs to be signed now. Any reporter will first ask, "Well, why did
you vote for the deed?" and "Why didn't you kick up a stink three months
ago?"

Too late to come out of the woodwork now and demand action. That should've
been done in the beginning. Unless we're now talking about court
intervention.

(BTW, Ansett employees have STILL not received all their entitlements...)

I have it on very good authority that the deed will be executed before or on
the 18th.

Steve

> -----Original Message-----
> From: nick4mony [mailto:no_reply@...]
> Sent: Wednesday, 13 November 2002 10:17 PM
> To: otmushrooms@...
> Subject: [otmushrooms] Re: The Liquidation Monster is getting closer
>
>
> --- In otmushrooms@y..., "Steve Gerlach" <gerlach@a...> wrote:
> > With just 5 days to go, we've left our run waaaay too late.
> >
> > SG
> >
>
>
> To remove any doubt, it is better for most ex-employees if they fail
> to "execute" the deed.
>
> Why?
>
> 1. If the deed is not signed on time, the company goes into
> liquidation. (answer to question I asked at meeting).
>
> 2. If the company liquidates, GEERS apparantly pays out in full.
>
> Of course, that screws the current employees as well as:
> contractors (current or not)
> ordinary (trade) creditors.
>
> While I understand that "SG" is an ex-employee, there are a few
> current employees on this list who would obviously fall into the
> opposite camp, and so it is a sensitive issue. I guess the one thing
> that everyone can agree on though, is "the law is an ass".
>
> Alas, it's time for my last bus.
> Nick.
>
>
>
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