1/1/2024 0 Comments Instal the new Beku![]() Anyone involved in this affair, from accountants to employees, has a passionate opinion on what the story is and who is to blame. Hobart is a small town in which to contain a business dispute that involves subjective issues such as valuation of intellectual property and equipment. They say they are owed money and that their objective is to warn potential equity partners in Beku. ![]() Dragar and Saul deny they are trying to sabotage Beku to take over the business. They say Beku is close to a deal with a multinational and that, although the multinational is fully informed, the dispute has the potential to damage the company's future. The directors of Beku say three people - the scientist, the former oil supplier and the former South Korean joint-venture partner - want to put Beku out of business so that they can gain access to the plant and equipment and then take up where Beku left off. The conflict between them has exacerbated tensions over the deed and drawn the Australian Securities Commission into the fray. One gets the impression that Beku's former scientist, Dr Charles Dragar, and oil supplier, Richard Saul, would not mind seeing Kutzner on hot coals, and the feeling, it seems, is reciprocated. It quoted Beku's managing director, Bernd Kutzner, as saying it had been a bonding experience for his seven staff, who would now walk over hot coals for the company. The shark-oil report told how a small Tasmanian company, Beku Environmental Products, was keeping its shark-oil business going although it had been forced into a deed of arrangement by the collapse of an export contract to South Korea. ![]() The July 29 BRW, carrying a report about a shark-oil processor, had barely hit the news-stands when BRW's phones started ringing. Hell hath no fury like a technologist spurned. An award-winning Tasmanian company is immersed in a battle involving management, a supplier, a scientist and its joint venture partner.
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