Jeez
Market cap is around $67m, not $90m
Net assets are meaningless given the current state of the company,
Looking at 31/12 accounts
Property plant and equipment is $30m. Largely funded by lease liabilities of $19m So those disappear immediately and the creditors will stand ahead of shareholders for shortfalls.
Right of use assets at $20m I assume would relate to Legune which i would expect to be at serious risk given current state of affairs, and if not be significantly devalued given recent announcements
Other secured loans of $5m would rank ahead of shareholders.
And if you think that balance sheet assets are reflective of real life valuations in cases such as this, you should look into recent insolvencies..
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