Pre-insolvency sharks are quick to detect distress and the chance of easy meat, or in the case of Mobius Distilling Company Pty Ltd (Mobius), a decent drink.
Mobius was an award winning distiller of millennial gins and other derivatives of Mother’s Ruin.
Its two directors who were also shareholders placed the company into administration in October 2023 with Worrells’ Graeme Beattie appointed voluntary administrator (VA) after their personal and professional relationship imploded.
Prior to Beattie’s appointment however two parallel courses of action aimed at resolving the dispute were being pursued.
One involved the directors entering into a…