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Ok , with all info out I say NO, page-139

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hiroic

482 Posts.

37

24/01/20

13:55

Post #: 42558327
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Originally posted by brydos: ↑

Blah blah blah.... by that argument it wouldn't matter if debtors was $0m or $100m and same with Inventory. The fact is the acquisition price of $85m less $12m (external property) less $15m (conditional on performance) of $58m (excluding time) assumes some debtors and inventory (and I'm sure a make good versus cash is baked into the sale). This means the Working Capital needs of the business should be self-sustaining... or positive from OBJ's perspective. This is key to the deal. Is it a good deal? time will tell... it's not terrible. Let's hope that Danny deserves the $15m extra equity in 3 years

And as a bonus the warehouse rental will help pay the debt obligations.

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"This means the working capital needs of the business should be self-sustaining...or positive from OBJ's perspective."

Interested to know how you draw a conclusion like this. The information provided so far doesn't support this conclusion.

OBJ Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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