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Delisted from ASX 30/08/2001

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company deregistered 2/05/201002/05/2010
Greg Fisher, former MD was sentenced in the Sydney District Court to two and a half years jail - Fisher will be released after six months and must enter into a two year good behaviour bond - he used $220,000 of Satellite funds to finance his personal sponsorship of fashion designer Mr Alex Perry during Mercedes Fashion Week in May 200011/02/2005
reports that the prosecution in the case against Greg Fisher alleges that Satellite Group had lent $250,000 to Sydney Skytours at 12 per cent interest, repayable after 60 days - at the same time Satellite wrote a second cheque for $250,000 for shares in Sydney Skytours which issued $125,000 worth of shares to Fisher's private company, Mojava, and $125,000 worth of shares to another company, Sojo, owned by another Satellite Group director, Jonathon Broster - (Greg Fisher was subsequently cleared of four charges relating to an investment in tourism company Sydney Skytours Ltd)07/10/2004
reports that during December Greg Fisher was convicted of misusing his position as a Satellite director when he gave fashion designer Alex Perry more than $220,000 of Satellite's money to host an Australian Fashion Week show - although Fisher argued it was a Satellite investment, brochures from the show read "brought to you by Greg Fisher", with no mention of the company31/12/2003
Greg Fisher will face court on 10 charges relating to the alleged misuse of company funds - the trial is set to commence on 28 February 200329/11/2002
Greg Fisher, former MD has been committed to face trial on further charges brought by ASIC. ASIC alleges Mr Fisher improperly used his position to gain a financial advantage for himself to the value of $250,00025/11/2002
ASIC completes proceedings against Messrs Fisher and Broster for making improper use of their positions27/12/2001
company delisted30/08/2001
delisted due to failure to pay annual listing fee30/08/2001
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued20/06/2001
company goes into liquidation and T McGrath of KPMG appointed liquidator15/06/2001
ASIC launches proceedings against Messrs Fisher and Broster alleging breach of dutes11/12/2000
report that T McGrath informs creditors' meeting that shares in the group are worth very little28/11/2000
T McGrath of KPMG appointed administrator17/11/2000
Dr Kerryn Phelps resigns as chairman of the company09/08/2000

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