FIG 0.00% 2.0¢ freedom insurance group ltd

Ann: Completion of strategic review and business update, page-26

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  1. 938 Posts.
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    Technically, yes; practically, no.

    - the recipient of the claw back payments (FIG's funder) would be foolish to agree to delay payments given FIG is cash flow negative, and FIG has little of value to pawn.
    - the trailing commission is likely worth only a fraction of book value in any sale;
    - nobody's going to loan them money - they don't have a business of any sort to collateralize a loan, and it's clear they have no near term prospect of turning the business around in any form.
 
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Currently unlisted public company.

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