And so begins the journey of Broo (ASX: BEE) becoming something else in order to access their tax losses. After all, there's now negative equity in the balance sheet and flogging beer made by a third party, simply with your recipe and label, is a hiding to nowhere - it always was.
My guess is that the CEO has been put in his box and agreed to syphon some value whilst the new shareholders (and Directors) do their magic. Why else would you hang around? This has just gone from a long and slow movie into a multi-season mini-series. Can't wait for the next instalment.
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