[AusNOG] NewSat enters administration

[Mark ZZZ Smith]

Not all that unexpected, their execs were treating it like a gravy train.
Satellite company NewSat executives' spending flies high

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| Satellite company NewSat executives' spending flies highExternal auditors have reported concerns about the lavish lifestyle of senior NewSat executives to the Australian Securities and Investment Commission. |
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| View on www.smh.com.au | Preview by Yahoo |
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      From: Brad Peczka <brad at bradpeczka.com>
 To: "ausnog at lists.ausnog.net" <ausnog at lists.ausnog.net> 
 Sent: Friday, 17 April 2015, 12:43
 Subject: [AusNOG] NewSat enters administration
   
http://www.watoday.com.au/business/satellite-company-newsat-plunges-into-administration-20150417-1mn1sq.html

Interesting times ahead for those of us in the Satellite arena.

Regards,
-Brad.
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