Fascinating to see the extreme lengths being taken to keep this...

Fascinating to see the extreme lengths being taken to keep this business "solvent", and I use the terms guardedly.

Firstly, the share issue to Yanhua Chen - now directly or indirectly has control of nearly 22% of the shares and about the same in options. It beggars belief that you'd throw $$ at this when you could do better putting it into ETF's with almost no effective risk.

The absence of this capital raising, given the property sale has stalled, saved the accounting-day. But at a cost 12%, repayable in 12 months, is a big price to pay and frankly other than selling the property, there is no chance of ever calling these notes lest they become creditor, tip it into liquidation and take the spoils - the only remaining asset being the brand-trademark.

It's entirely illogical that you'd continue to catch this falling knife. It certainly makes me think there's something going on behind the scenes? Any thoughts from the gallery?