and this is what is been hammered out now. Refinancing such that...

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.