Good pick up. Just read note 34. It details the...

Good pick up. Just read note 34. It details the following:
Intalock vendors are likely to receive $3.25M as part of their earn out.
Nexgen have two payments. One is a deferred payment of $2.6M The other is a contingent payment of $8.6M. That's a total of $14.45M in payments planned for this FY.

I would like to know what's behind this statement:
"Subsequent to the assessment date of 1 April 2021, the amount of contingent consideration
payable where the FY22 and HY23 EBITDA is likely to exceed the performance target has been amended to
reflect new information obtained about facts and circumstances at the acquisition date that, if known, would
have affected the measurement of the contingent consideration. Accordingly, the amended contingent
consideration totalling $8,610,000 has been recorded and classified as a current liability at the reporting date."

The VPD acquisition has gone bad. Let's call it a dog. Now we find that the Nexgen acquisition was not fully understood, creating a contingent liability adjustment.

Perhaps the decision to sell off the infrastructure was not as strategic as it was emergency funding.

They have got themselves into a whole heap of trouble and I am changing my sentiment to a strong SELL