3 Brokers downgraded, page-32

Brumbypat - one last point - if they hold 1.9m RECS they would have had to pay for them - so lets say $80 as an average market price just for this purpose that's $152m sitting on the balance sheet, now EPW also decide to pay the penalty which they would have to do right now which is $123m to regulator, then lets say they pay $37m to ATO for increased tax, because if you don't make payments to ATO including instalments - you cant have franking credits.....

Can EPW actually afford that much cash out the door - $152m+$123m+$37m - its like a double whammy of the costs either buy certificates and surrender or don't buy them and simply pay the penalty and tax. Does EPW have the money to do both?????