Ann: Response to media speculation, page-18

Yes as some mentioned the next disapointment would be the sale price for NZ. VOC are a fairly distressed seller after all.

At 250m it isn't worth selling because it wouldn't really pay for the final ASC balloon payment, and reduce debt enough to make it under convenants due to loss of NZ EBITDA upon sale.

Not a great situation getting worse. They mentioned a 'refinance' so let's hope convenant relief is granted back up to 3.5 times EBITDA for a couple of years. Otherwise a firesale, like what is being speculated and a CR may be comming.

Shareholder value destruction 101.

I am nearly being forced on this one.

Ps bug1, give it a rest mate.