I don't think there is any ambiguity.The sale is for the...

I don't think there is any ambiguity.

The sale is for the Indonesian business in its totality. See below from the interim annual report to see that $15m of the total $15.5 mill in liabilities is apportioned to this part of the business.



The sale announcement states...

'Future intentions of Story-I On the assumption that shareholders of Story-I approve the sale of PT Inetindo, Story-I will have cash of approximately $2.7 million after settlement of the sale takes place. In accordance with the relevant ASX guidance note, ...During that period, it is expected that the Board of Story-I will determine whether the Company is wound up with all cash returned to shareholders or alternatively, the Company makes a further acquisition of a business or other asset.'

if indeed there was still debt owed then this would be a completely misleading (possibly fraudulent?) statement to make.

The biggest issue now is if the material write downs in inventories effects the sale completion or the sale price negatively. This is a highly possible outcome.

Milesy