"liquidate assets". they have already liquidated any property they owned long ago, the only assets they would have to liquidate would be the cooking equipment/furniture from the closed stores. this stuff will likely be sold through some auction house where they will receive pennys in the dollar for what the initial purchase price was. As for the bloated head office, it has been bloated since the company listed with all the different "Chief officers" that were named in the prospectus at IPO time, so that bloated beauracracy was created on Jasons watch, he has to take ownership of that. At least this has finally be recognised, but is it to little to late?
They are gonna need a cap raise to survive imo
"liquidate assets". they have already liquidated any property...
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