I'm actually surprised NOR was transparent about it being a BAFO.
BAFO is pure desperation. Obviously Optus were not satisfied with the previous proposals. I doubt Optus are playing hardball over pennies. If NORs tech was compelling, the deal would be closed.
N - $50
Optus - We see value in the offering closer to $10
N - $30?
Optus - $10.
N - $20 and this is our BAFO.
As usual the Q was more focused on how great everything will be in the future.
Meanwhile, back in the land of reality, they haven't signed a material deal with a new telco for 5 years and as a result, debt is increasing and they have $69k.
Just normal Carrot dangling....
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-10
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