Game Time, page-127

Yep.

They’ll need to sharpen their pencil. Retailers, Mum’s & Dad’s, won’t be accepting a low ball offer (20/21.5c muted?) for the sale of FFX with assets of Cash, Escrow Shares (LLL) and of course Accumulated Losses (Note 23) – yes, that’s an asset into the future.

The successful bidder can asset strip and then sell the shell of FFX with its losses.

… trenches are dug