All these asset sales are doing is paying for the exorbitant interest being charged without making much of a dent in the principal loan. Eventually they will run out of assets to sell and still have the loans owing. They need to turn the businesses around so they actually be cash flow positive and self funding. What major assets do they have left? A third share of Better Beer and yet some $40m worth of high interest loans and ATO debt. Dont they have to pay the $8m ATO debt before the end of June?
All these asset sales are doing is paying for the exorbitant...
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