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The put option liability is the killer here. At 30 June 2022 it...

  1. rvajna
    8,333 Posts.
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    23/12/22
    11:44
    Post #: 65429109
    The put option liability is the killer here. At 30 June 2022 it was 59.2M. The company has great businesses but the danger is a refinancing/restructure will leave shareholders with very little or nothing. If it goes into administration then these assets will be sold at fire sale prices. ZFB could get her stake back for cents in the dollar thanks to management screwing this up.
    Last edited by rvajna: 23/12/22
    BWX Price at posting: 17.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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