Zubric, yes in total agreement. Fitnfam has posted several excellent pieces analyzing various sectors of the ARI business with suggestions on how the previous activities could achieve improved economic outcomes.
One problem is the actual dollars wasted on various consultants paid unproductive fees over the past 12 months which has now added to the level of debt. The administration will not be cheap, but if a restructure proposal is completed quickly and if their plan has creditor support then a chance of survival of ARI as we know it is on the cards. Some of the key inputs are finally moving in ARI favour. Let us hope it is not too little too late.
ARI Price at posting:
2.2¢ Sentiment: None Disclosure: Held