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Investors to receive 90 cents in dollar 18 June 2008
Diverseport receivers, PricewaterhouseCoopers, said it could deliver investors more than 90 cents in the dollar but recovery could take up to two years. The failed Brisbane based finance company and a related financial advice firm, FHG Securities will be investigated for allegedly continuing to spruik for business three weeks after calling accountants to investigate the finances of the group. Diverseport invested in "fixed income securities" but the specific details of the investments made by the company are not clear.
