Electrical company Russell-Smith collapses into voluntary administration two years after being rescued from receivership – SmartCompany.com.au

Tasmanian electrical and communications company Russell-Smith has ceased trading, after being placed in the hands of external managers at the end of last year. Stewart Free and Bradd Morrelli from Jirsch Sutherland were appointed as voluntary administrators to Russell-Smith Pty Ltd on September 22. It comes only two years after the companys former parent company,…

Workhorse: Strong Sell On Insolvency, Failed USPS Bid, Unviable Products, New Price Target Lowered To $0.00 For … – Seeking Alpha

I believe Workhorse (NASDAQ:WKHS) is now teetering on the edge of insolvency after indisputably failing its unviable USPS bid attempt. Since my initial report, WKHS fundamentals have deteriorated faster and to a greater degree than even I expected, causing WKHS to lose nearly half of its value. Recently however, investors have become confused again about…