Goldfields Technical Services, which provides software solutions for financial firms, is in financial turmoil as its shares slumped over the weekend.
The company has already lost about $1.3 million in the past three months, and it is now on the brink of insolvency, the company’s founder, John Worswick, has said.
“The last few weeks have been a total disaster,” Mr Worswicks told the ABC.
“This is the biggest business in Australia, we’re at the end of the line, and I don’t think we’re going to survive it.” “
The company, which has a workforce of about 10 people, lost more than $1 million in just the past six months. “
This is the biggest business in Australia, we’re at the end of the line, and I don’t think we’re going to survive it.”
The company, which has a workforce of about 10 people, lost more than $1 million in just the past six months.
Its shares have plunged more than 40 per cent over the past year.
The board of the company had been expecting the company to return to profitability in the fourth quarter.
But its profits have already declined.
It is not known how much of that is due to bad publicity surrounding its work on software that is currently being developed for Apple Inc and other tech giants, and how much is due as a result of the collapse of its software business.
Mr Worgs brother, Paul Worg, also founded the company and is also the managing director.
He was on a holiday in the Bahamas when he heard about the financial troubles and is now in Australia to help manage the company.
He said he was “shocked” by the news.
It’s the whole company.” “
It’s not just the employees.
It’s the whole company.”
He said the company was on the verge of bankruptcy and was planning to close.
“Goldfields is a very strong company,” Mr Houlds said.
”There are a lot of people there, and they’re going through a tough time.
“Mr Hommes said the board of Goldfields had been meeting this week to discuss how to handle the situation.
Mr Hooks was also at the meeting, but said the CEO was “pretty upbeat”.
The company had “just been struggling for a long time”, he said.
Goldfields has about 15 people and is based in Geelong, about 400 kilometres (250 miles) south-east of Melbourne.
The Goldfields Tech Services company, named after the Goldfields Mountains, is one of the largest tech companies in the world.