"Taking on private debt back in the day now looks like a bad deal."
It was a bad deal on the day it was announced in March 2021 and every day since and has only become more costly with the passage of time.
https://hotcopper.com.au/posts/51982342/single
You'd be hard pressed to find a worse/more costly decision on the part of directors to take on secured and structured debt. The cost to shareholders has been enormous. The board at the time consisted Mark Fortunatow (terminated late 2022), Martin Pretty (current director) and Brandon Gien (retired at 2023 AGM).
"Taking on private debt back in the day now looks like a bad...
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