NAUV-Your thoughts now ?, page-6

As to your point 3 Nauv,

I am concerned that some of the practices were structured as a business comprising [mainly] of goodwill and a lease - this would mean lower EBITA and buy-out prices.

In the event of cash-strapped liquidation I'd assume;

A) Leases are breached
B) Goodwill is destroyed

So there may be less than market cap in realisable assets.

As to your point 2,

Isn't the "out-clause" for the dentist partners a non-viable option as;

A) there are probably restraints of trade restrictions
B) the buy-out process in these share-equity business purchase contracts takes many months to calculate the value of the buy-out price, which could be zero if not trading profitably?

DYOR for anyone who reads this obviously