Ann: Business Update, page-23

this is the first time i heard of offers received for the non-core assets. the survival of the company will depend on 1) how long CBA holds off calling an event of default 2) how much money can be raised from sale of the non-core assets and/or 3) how much additional financing support can be raised. i'm not 100% sure CBA would be up for putting more money into this but they are the most logical choice for being the additional debt provider and they may have their hand forced if they want to see their money back dollar for dollar (plus interest and fees).

if the sale of non-core assets sees the company pared back to just being sukin, mineral fusion and andalou i think that is a good thing. maybe zoe foster can buy back the go-to option for a small amount of money, that would get rid of a potential liability down the road and slightly boost cash.

this is really a terrible mess caused by overconfident management buying all these additional brands rather than focusing on the core business. BWX has a history of failing to do well with acquisitions. not sure what to think on the ex-cfo, probably suffering from mental breakdown