Ann: Investor Presentation , page-5

That's a good epiphany Fibo makes sense to me when looking at debt it depends who the lender is. In the case MWR the debt is owed to the company directors and same with AGI so it's not like they'll call at the worst time. Where as debt from an ignorant banker is much more dangerous. Also debt can be viewed as financial leverage which can be great if played correctly that's why I like to use EV and ROC calculations because they factor in debt. I have a small holding in the for my family due to its illiquidity. Keen to see any guidance/results coming up.