“ABSOLUTELY gutting” is how a director of the Cooloola Waters Retirement Resort labelled the decision to push the business into liquidation, despite it still running in the black.
Rodney Lohse, who ran Cooloola Retirement Villages with his mother Lorraine Gay Lohse, said the village had not only been a Tin Can Bay fixture for 30 years but was on financially stable footing.
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“We’re not in the red, there was no loss, there’s no debt owing,” Mr Lohse said.
Cooloola Waters Retirement Resort was running in the black when it was liquidated.
“I’d say we’re one of the most solvent villages in the state.”
What tipped it over were …
Read the full article at: https://www.qt.com.au/news/absolutely-gutting-bay-business-liquidation-a-toug/4057059/