G'day @jaguar68
Yeah, as soon as the IDSB deal landed, red flags went up for me also. It was pretty blatant and transparent.
But there is often hope with administration, as you and I know.
Debt doesn't seem to be too high at IOU but a recapitalisation of some magnitude will be required and, of course, the funder will extract a significant dilution of existing shareholders.... something equating to a pound of flesh
IOU PWC INSOLVENCY PORTAL, page-55
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