back on the asx, page-4

Maybe this will be the straw that breaks the Kirby`s and Village`s back. Right now VRL needs lots of luck in order to survive.

Wanna hear a horror scenario?

First AEO:

First of all AEO had better be able to continue to pay VRL a nice dividend. Somewhat uncertain given their rotten earnings and cashflow history.

AEO is forced to write down the value of their radio licenses due to reduced profitability. The dividend is cut.

Due to the poor operating conditions at AEO, the current financing arrangement is cancelled and due to higher interest rates, a cash scramble occurs.

Once you take out the main radio lic. asset at AEO, they don`t have enough assets left to cover the liabilities - by some $100 million plus.


TWO:

The lawsuit against Village results in a judgement against Village and it is forced to pay some tens of millions of dollars to its former employee.


THREE:

Village produces a couple of dud movies which eliminates all the profits from Matrix.


FOUR:

.......