A little light on the buying front, page-76

I never included Sunk costs in future profitability, I simply said $50m in sunk equity is not incurring any form of internal cost of funds and in all your calculations there is no consideration for it, as its essentially being used as free debt... which vastly overstates the real NPBT or NPAT as going forward, unless you and other shareholders want to go and throw another $50m in there for free - which I wouldn't suggest, as the business grows, they will have to incur a real cost of funds through debt.... Not sure I can be anymore clear. @dubspec how many times do we have to say this?