Dude, Really! Bartercards revenue dropped 27% yoy to only $32.7M and entertainment revenue grew 18% yoy to $77.4M, which makes Bartercard only 1/3 of the total revenue.
Walking away from Batercard with another $5M in the kitty and getting rid of the old directors associated with its complicated business model is a blessing. Gruden will contribute probably just as much revenue as Bartercard would in FY19 and is a growing business that synergises much better with the current company and at current share price its purchase value was less than $3M.
Anyway mate now Batercard and its directors are not associated with INP anymore and everyone (other than yourself) is happy it's gone isn't it a bit irrelevant now?
Ann: Resignation of Darius Coveney, page-7
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