Ann: Notice of AGM/Proxy Form, page-7

How stupid do you think we are? In restructuring there will be write downs, asset sales, less revenue and then add to that, market conditions.
The last ceo and board were responsible for the debt levels and convertible notes.
And they still ran losses with those revenue levels. Financed with debt.
By removing the cattle trading as it's volatile, they've been able to be consistent enough to see where they're going. One lucky thing to come from the dent they had from buying the ships is the quality of the ships. Funnily enough it'll be their saviour to be a leading charterer, of live export worldwide.