$4 discount on a float of $4.1.......thats like two cents in a...

$4 discount on a float of $4.1.......thats like two cents in a dollar...........seems like a liquidated company already at the current SP
(when companies liquidate sometimes the creditors can get .7c-.9c).

but with cash of $102m and current assets of $80m means total current assets of $182m, and shares issued 850k the Asset vale of SP is 0.22c (twent two cents)

Whats the price of 134 years of GOODWILL...........if i put $1m for each year lets say $134m
so $182+ $134=$316m (less debtors if any)
shares issued 850
so SP should be $316 / 850= .038 cents

let the dust settle, i believe someone will soon find value in this brand and will madly like to pick up. .10c too cheap.

If i had the money, i would like to pick majority of the Shares and take over the business.
Benefits:
- only 1 other major competitor,- monopolistic market
- barriers to entry, new competitor will face stiff challenges to enter the market at this large scale
- Current pandemic will kill small competition, only the large firms will survive, and then THRIVE as there will be less competition
- Closing the branches would stop cash outflow and let the company hibernate.
- gov cash hand outs will bring a spike in spending
- after having stayed indoor, people would like to go out and shop

Should start a go fund me page and save another Aussie icon.