#Metricon #AusPOL #HeiseSays
So is Metricon too big to fail?
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The purpose of the bailout would be to get current projects completed. Once banks and Govt bailouts kick in the company is continually audited. Metricon would have had to have demonstrated that they can fulfilled their obligations and return to profitability otherwise there would be no bailout. Either that or the Banks want to wind up their existing projects and wind back the company.
…….. what if the insurer is fundless and risks being exposed
Me thinketh compliments of the., hard working taxpayers……..again!@!?1😝🤪😜😎
P.S. $200 to change a tap washer., some of these should be…….wearing a mask!@!?😝😝😜😎
how many farqwit pollys are currently building with failed metricon….?
that would be news worthy
Anser to your question i know a guy who pulled $140.000 bucks worth of air conditioners back out because money wasn't getting paid up metrocon are pricks and the houses are shit
Just let metrocon fail the best thing about being a tradesmen is zero need for companys like metrocon just band together and start fresh boys, not like they looked After you just ripped you off really just let it go
The people on here talking about the manager making a bom from the bail outs with paying themselves bonuses
Remember the CEO committed suicide ???
This is a little different than bailing out the banks that was greed.
metracon was a good business untill the government stopped everyone from working and gave out free money
The government kicked foreign labour out of the country with COVID
Then they gave everyone $25k to renovate their home in an already busy construction industry. that's where the increase in labour cost and trade shortages came from thank the government for shot policy for that
Yes, bail them out. The CEO will give himself a BONUS.
Nothing is going to be smooth sailing in the next 6 months.
I’m sure Matt Comyn is going to get a nice little reno on his beach house.
We need blackrock or vanguard to fail so we start to understand when things get to big you can’t manage them!
How is it any Governments job to be bailing out Private companies, especially when it's not the Governments money, it is the peoples.
Governments think there's an endless pot of gold at the end of the rainbow, problem is it's been raining too much and there's not too many rainbows these days.
State Governments get so much money from Stamp duty that they're happy with continually rising home prices.
I hope things don't get too drastic too quickly, time will tell.
$30 mil cash float AND the possibility of a bailout. The 30M isn't the bailout! XD
These contruction companies has been around for decades, they enjoy fantastic time all these years. You really think they going to accept a bail out from government and continue to operate the business without profit for next 5 years? they get up very morning building someone else home and doesnt make any money for themself. The Aussie living in the fantasy world, we live in a reality . Look at Holden, ford and Toyota , they got a billion dollar from the government and walk away . You guy has no chance with the Vietnamese, we did all the maths . Thank you and good bye .Green and gold Australia
The working tax and debt slaves always lose their, jobs, homes and savings to money printers to bail out major corporations. And they will come up with any narrative so that people dont question the rational behind bail out of too big to fail.
No bail out ..let em sink..help everyday people and why not help other small builders too if they go broke help them too ..hell taxpayers should not pay private companies when they go bust…when in profit we don't get a cent ..Australia is a joke it's build insurance pays or we pay .either way we pay.. solve affordable housing issues instead
no bailout – if I lose my money investing or buying something, I never get bailed out, its completely unfair imo
What about all those little businesses that went bust due to government lockdowns? How come no bailout for them 🤔
Government bailouts worked so well for Ford and Holden.
The directors put in the 30 Million themselves.
Reminds me of Holden. Took a $275m bail out from thre Vic government, then buggered off to the USA 6 months later………..With the money
Does anyone remember when the federal government bailed out Holden 20+ million dollars,wasted.
And no assets from GMH for the Australian tax payers…
Metricon is run by a pack of marketing and salespeople these days. Not happy with my tax dollars being wasted on Metricon. Have a look at the gravy train the execs and Salespeople are paid.
Heavily indebted Australians, it's time to pay the piper
Liberals really managed the economy well with the covid scam
This is liberal governance for you
This is why the housing market is great to get into, it will always go up. The government will also never let it fail so you are guaranteed a return on your investment.
The CEO obviously lied to everyone on the news saying everything is fine. Yeah right.
Thanks for covering this Heise
Agree with you that the premier should not have intervened so soon … At least
You owe the Bank $100,000 , you worry ! You owe the Bank $1,000,000 they worry !