The fate of allegedly fraudulent Melbourne pharmacy software start-up StrongRoom AI will be decided in a high-stakes creditors’ meeting on Thursday with administrators opposing the sale of the business to an early investor, after uncovering irregularities in the company’s books.
Administrators, HLB Mann Judd, favour a liquidation and asset sale to Brisbane-based pharmacy entrepreneur Joe Zhou for $3 million, in a deal that is also supported by StrongRoom’s lead venture capital backer EVP.
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Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age. Connect with Amelia on Twitter. Email Amelia at a.mcguire@afr.com.au
