KEY POINTS:
Nathans Finance is likely to see a "significant shortfall" of money coming back to it from parent company VTL Group, receivers say. Colin McCloy and Anthony Boswell released their first report on the company yesterday after taking it over on November 5. VTL Group owed it's subsidiary Nathans $112 million when Nathans went under in August 2007. The receivers have been trying to sell VTL's assets in a bid to pay back investors owed over $170 million by Nathans Finance. So far, just 2.5c in the dollar has been repaid.
