A company that once received the biggest ever deal on the Australian edition of Shark Tank, but was marred by controversy in the months after the show aired, has fallen into voluntary administration.
Coffee pod manufacturer iCapsulate was placed into voluntary administration late on Monday, with Rodgers Reidy administrator Andrew Barnden appointed to oversee the administration process.
However, speaking to SmartCompany, Barnden says the company is not insolvent, and he understands the companys administration is due to a dispute between its shareholders and directors.
It is not as a result of insolvency but the result of a shareholder and director dispute. The company does not appear to be insolvent, its trading as per usual, he …
Read the full article at: https://www.smartcompany.com.au/finance/coffee-pod-company-icapsulate-collapses-into-administration-after-being-offered-biggest-ever-shark-tank-deal/
