After peaking at A$8.80 in 2006, giving ABC Learning a market value of A$4.8 billion, its shares lost 94 per cent of their value before being halted from trade in August, when the company failed to release earnings.
'I'm sorry for the shareholders, and I'm sorry for the temporary disruption that's going to be caused for their clients and their staff, but ultimately this provides an opportunity to redress the situation, which was not good for children in the sense of quality and parent choice,' Mr Elvish said.
'I'm sorry for the shareholders, and I'm sorry for the temporary disruption that's going to be caused for their clients and their staff, but ultimately this provides an opportunity to redress the situation, which was not good for children in the sense of quality and parent choice,' Mr Elvish said.