Ann: Acquisition of Sunnya Pty Limited, page-66

Best to get out of this business when they are in uncontrollable buying spree, such premium PE paid to buy Sunnya is a red flag. Not even Private Equities firm who enjoy less red tape would take this kind of unjust purchase lightly. Moreover, this company does not have long history of earnings, PE of 1.5 is about right for this kind of acquisition. The acquired company seemed more like a wealth/equity transfer medium. There is little reason to be hopeful about Sunnya's future. JAT's BOD disinterest in bringing value for shareholders hasten my decision to drop this at a loss.