If you look at the Investor Presentation, it shows the revenue of the franchisee that are still operational in the last 2 years as stable (hence why I believe this equity restructure was successful).
By getting the debt under control and an additional $80M new loan, it will allow RFG to continue their restructure and cost cutting for 2-3 years (which has been successful to date) to recover their brand and intangible assets which will attract more franchisee which will increase the pps. PG will get a handsome remuneration if he is able to turn RFG around, as he should but I can't see the MC returning to the previous $1B+, I'm targeting $500-600M so pps of 30c.
RFG Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
