cathro

In the Federal Court this week, Metigy executives spoke publicly for the first time about how it attained a $1 billion valuation through Fairfull’s deceptions, credulous investors and a technology bubble.

The former chief financial officer of artificial intelligence marketing start-up Metigy, which was valued at up to $1 billion before it collapsed, has admitted the company’s products did not use AI.

In the ever-evolving landscape of corporate insolvency, being vigilant to early warning signs has become crucial for informed decision-making in providing credit.

Australian insolvency advisory firm Cathro & Partners has expanded its portfolio with a new service line focused on personal insolvency.

Simon Cathro, founder and managing partner of restructuring and insolvency specialist Cathro & Partners, says his general view on advice tech providers is they are often too heavily reliant on capital injections because they’re not cashflow positive.

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Last month and just days before a fresh hearing brought by plaintiff creditor Maradox Pty Ltd was to commence MG Gold’s sole director Mendel Gluck took his sole option, appointing Cathro & Partners Simon Cathro and Andrew Blundell to the company as voluntary administrators.

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