Unlikely, the only asset is the cash, hard to see what's left...

Unlikely, the only asset is the cash, hard to see what's left not chewing down the cash reserve. You can't translate the EBITDA returns from the Cardno International Development business as that did not include the full non cross subsidised corporate overheads.

My viewview is they cannot survive as is, they will have to buy something quick or get snapped up, but it isn't going to be pretty.