By my back-of-envelope calculations if they maintain the current...

By my back-of-envelope calculations if they maintain the current payout ratio (90% according to the last HY report if I'm not mistaken) and even with the cash NPAT drop to $16.5m, the dividend yield will be still quite solid at about 7-7.5% next year. So assuming an optimistic scenario where the re-structure does help turn the franchise business around, negative publicity fades away and the financial advisor business keeps growing (I think that's really where MOC has still some solid growth prospects), I wouldn't pronounce MOC dead just yet. But certainly it could go either way.