Halliday v IOUpay, Supreme Court of NSW, page-41

Here's something for those that wonder if IOU can rise from this. Current valuation of the business according to what PWC presented in court. $47 million.
Current running costs are 43K a month. Think about that. Old BOD was running at 300K a month before they started sacking people, but their costs were still way higher. Old costs of 300K a month equals $3.6 million a year. Current running costs are actually $516k a year. Difference of $3M. In other words we are running at a profit now that all the extortionate fees are taken out.
Also we were paying Aaron $250K a year. David is $1,000 a week only. Sure there will be performance shares, but he is doing the right thing and means he will have skin in the game and a good reason for the company to perform. More to come, but I am excited for the future now that IOU can show its true colours