Receivers are called receivers because they receive any residual value in a company; they hollow out companies by financial filibustering that only concludes with the cessation of the flow of residual funds to themselves. Their job is that of a vulture: To asset-strip the warm body of a company and hand back worthless dry bones of dashed hope to the investors. Good job eh?
Personal thought - This truism may not really be a "truism" but I'd bet it is fairly close and experienced by many, many other investors. I was scammed out of thousands by a notorious pair of investment scammers and the government appointed receivers were totally ineffectual. You may read what a receiver should do and should be (in the UK at least), by clicking here.
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