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

    • Latest round of updates on the car. I purchased and installed a SWS clutch slipper to help with 60ft times and got some second-hand good condition 275/40R17 Hoosier DR2 radials. Test and tune in November showed the tyres were an upgrade over my over 15 year old mickey Thompson's and I got a 1.8 second 60ft and pb et of 11.71 but even then, that run wasn't great due to rain and driver error (the event got called off 10 minutes later fast forward to the weekend just gone 25th of Jan and there was finally a break in the weather to let racing happen. The first run the track was slippery and only managed a 12.1@129 Second run the track was better and got a new pb et and mph: 11.54@131   Lith and I then worked out that I installed the previously mentioned clutch slipper incorrectly and its never been working, and I had just been dumping the clutch the entire time, we also noticed it was on street boost and not race boost. So I lined up for a third run with the car turned up in the first two gears, but the passengers side axle objected to clutch dumps and left the chat which stopped my weekend.   so there will be another attempt in the future once I replace the tyres as they rubbed and are stuffed now. but a low 11 should be on the cards.
    • Ceramic coating and heat shielding, you mean?
    • Turbos don't require pulling the motor apart so that's "easier". I would recommend the Nismo R3 turbos instead if you want to do stock twin turbo. It doesn't make as much power as the 2530s but it's only like ~50 whp off the mark and should have better response (ball bearing CHRA, slightly smaller turbo). A local that went with a Garrett G30 and 6boost manifold recently nearly burned his car to the ground after the hood insulator started melting and and burning so if you go single turbo I recommend doing a lot of research and validation work to make sure you don't do the same.
    • New rear lights, filler panel sprayed, cleaned and back together    before, during, after shots 😍
    • 100% is gyprock, I agree. Slip of the keyboard. Haha! I left my indicator bulbs out to save a bit of weight.
×
×
  • Create New...