The ann. is also a declaration that the co. has no raison d'etre.
It was set up to aggregate companies in auto after-care market - if they are now saying their due diligence, the work of their advisors on the purchases, the values in the vendor financial stmts, the opinion of the auditors 6 months ago is a crock of s**t requiring a dump of this amount - it makes a nonsense of the company being competent to do any more deals in the future?
Why would it continue to exist if it got everything so "wrong".
It all reeks.
staggering loss of equity , page-2
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