I may be WAY off here, but I read that in relation to the $11.5m bad debt provision. Meaning that up to 25% of the provision will be cut, leaving 75% as bad debt. As I said this could be way off as it is quite vague.
IF I am correct then this has already been factored into last years accounts, BUT it would also indicate that a lot of last years sales will not be repeated this year as a result.
I guess we will have to wait for further clarification from some of the folk at the AGM.
On a side note, a while back I specifically asked Scott as to what happened with the delay in the laser TV thing. He said that MB did not have the confidence in the supply chain. Meaning that they didn't believe (at the time) that arr and others in the supply chain could ENSURE an ongoing supply. As I understand it, this is the reason that they purchased Novalux. That said, I don't know if MB have changed their position on this.
