These games and the BOD stink to high heaven, but it's a yes vote from me and my partner. The bottom line is they missed the BNPL hype and now run the risk of cannibalising the profitable side of the business to prop up a dead duck (a perpetual stalemate.) Given AA's track record of poor judgment, appalling business and fiscal management, and self-serving agendas, I'd rather take my chances with LFS with the HCF business (which I think they can make work,) and a clean break to allow the new "Flexi" commercial leasing business to continue its growth and profitability, unencumbered by the BNPL cash burn, BOD divisions and infighting. This would provide the clarity and simplicity the market is looking for and a re-rate IMO. It looks to me like be a case of essential pruning to allow the garden to grow.
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