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ASIC seeks to liquidate WA firm

The corporate regulator has applied to the Federal Court to have South Perth-based Finchley Central Funds Management wound up and a liquidator appointed.

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perth WA
I believe that if the property in question can be financed and built, investors stand a good chance of recouping their money when the units etc are sold. I would therefore prefer this option and am prepared to wait for the 2/3 years required to allow this to happen rather than get a much reduced return NOW! I also believe that the area around the site is up for major development in the Govt's scheme for the riverfront and this should make financing this investment more attractive. The offer to buy/sell being discussed is suspicious since it involves the original people approached for finance some months ago. Appreciate your opinion and hopefully a successful result at the end of the day

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