I suspect this will be the announcement of the acquisition of the physiotherapy business the company disclosed late last year. If so I can't see how the directors could be blamed. It is the ASX chapter 11 requirements that have delayed the progress of the company to date. The EBITDA multiple for the transaction has also been announced to the market last year so again the company has been completely upfront with the market. So the only part that was unclear as far as I could tell was the timing.
BGD Price at posting:
4.6¢ Sentiment: None Disclosure: Held
