Ann: FY19 Annual Report (with App 4E), page-7

and this is what is been hammered out now. Refinancing such that the debt is non current and current. More a technical issue and one which requires rectification.
i haven’t studied it closely yet but it would appear the impact of the changeover is around $12m - coy initially forecast a npat of around $18m..and now it is $4m.
I agree with Tarvold, we need some indication of FY20 assuming going concern and business as usual.
observation:feeling: the directors are indicating a solid, if not market leading, business that will survive. Just how the refinancing takes place is uncertain.
i note the unsecured loan book is on the block for $8m and with expected cash from PDL’s of $92m, there’s $100m less running costs to the financiers.
have westpac and bankwest acted capriciously? Maybe.