NZ Police undecided on whether to buy back Wynyard software for $1

Tue, 25 Oct 2016

By Paul McBeth Oct. 25 (BusinessDesk) - New Zealand Police is undecided on whether to exercise a $1 buyback option for Wynyard Group's digital forensic software which it sold to the failed intelligence software developer in 2012. Auckland-based Wynyard's board today appointed KordaMentha’s Neale Jackson and Grant Graham as voluntary administrators after deciding a $10 million loan from shareholder Skipton Building Society or raising new debt or equity wasn’t "in the best interests of the company, its shareholders or other stakeholders."...

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