Ann: WOA signs binding MOU with Jay Albany for sale of DCF, page-10

I think it’s a good first start to long long… long road ahead of them.

realistically i’m wondering what everyone really thinks DCF was going to be able to be sold for? The business was burning insane amounts of money and had huge losses, wasn’t picking up market share and with the way the COL is affecting everyone didn’t seem to have future prospects on the short term. It wasn’t going to attract much interest. 1.5m for a loss making company burning huge amounts of cash…ehh not great but it is what it is now. I am annoyed with the timeline on repayments though. Clearly there was no interest in DCF at this present time… or Jay just really loves oat milk coffee

At least buntine margins “seem” to be much better so it just depends on if they secure the contracts and deliver the results. Assuming we did pick up all the assets from the previous owners on the cheap the NTA is probably not too bad now if valued at market value.

I’m still keen to see where this rabbit hole goes.