This will be below 40c within 2 months. The issues with Pac Brands are deep and complex. Your points are only the tip of the iceberg and show lack of thorough insight. I have studied these guys for a long time (unlike all the bandwaggon jumpers at mo), and although I jumped and sold a bit early this time, I am happy to stay out with profit than be holding this time-bomb right now.
PS. I'll remind you of my "rediculous" statement.