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company deregistered 2/05/2010


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 2000


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)


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 company


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 2003


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 $250,000


ASIC completes proceedings against Messrs Fisher and Broster for making improper use of their positions


company delisted


delisted due to failure to pay annual listing fee


a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued


company goes into liquidation and T McGrath of KPMG appointed liquidator


ASIC launches proceedings against Messrs Fisher and Broster alleging breach of dutes


report that T McGrath informs creditors' meeting that shares in the group are worth very little


T McGrath of KPMG appointed administrator


Dr Kerryn Phelps resigns as chairman of the company

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