General Chat, page-89

Well I don't really expect much at all on either front. The SP is currently telling the story we will either go voluntarily or be forced into insolvency at least thats how im interpreting it. The current SP reflects what is expect to be left over for shareholders if we sold all the assets.

The team is doing well however, and making progress selling at least some assets. The head office cost reduction is positive also - those at the helm of this sinking ship are working very hard to keep us a float.

What I look for next is an extension on the SVC loan or refinancing of the residual owed amount. Once that's ironed out, and hopefully with better terms, the stress on the business reduces a little. We still have issues with profitability and i've not got a good eye on and tail winds wrt our various businesses doing better. We can somewhat rely on Better Beer continuing to do well, but the other revenue streams may continue to dry up.

A problem I can see with us selling assets is that we have a weak hand when it comes to negotiating a good price for our assets. Just have to wait and see at this point.