Ann: Q3 FY22 Results Presentation, page-12

Still think the issue here is their customer base. Clearly a % that can't/ won't/ never intended to pay.
Their % of non-payers has been bad since day one. Thought as they got bigger it might soften the impact but it has actually got worse.
Cant bleed money like that for another quarter without CR.
Mr Market going to be very wary when they come with hat out.
Banks will not support. K.Bank will cut and run, not their business model, more residential mortgages so will want this one to go away asap imo.
Management paying themselves too much for rubbish job. Getting money out while they can because their shares aren't sellable IMO.