The business doesn't have 12 months. If you look at the 4C, they have $2.7m in cash and they burned $1.1m in what should have been their best quarter. The argument about border closures, etc. doesn't wash with me because intrastate travel absolutely boomed over the summer holidays.
JobKeeper, etc. is coming off at the end of March and we are heading into the winter season which is traditionally quieter. If the best they could do in the December quarter was to burn $1.1m, then I give them 6 months at best before they'll be forced to call in the administrators (or the lender will appoint a receiver to secure their interest).
At this stage, I'm not even sure that a change of management/board will fix the situation, in my opinion the business is in a death spiral given its balance sheet position and it's only a matter of time before there are no more rabbits to pull out of the hat.
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