External Administration, page-21

There’s a lot of wealthy people that own this, who will be owed a lot of money. Even if they sell all the assets, the shell will be worth something. But it depends whether they will get the $9.5 million. Remember, everything will be sold for fire sale prices.

They could sell neo for 2.6 million, raise $3 million, sell the ATM business for 1-3 Times ebitda. Also Indue would be worth something, as would the manufacturing business. They may be okay to even keep a bit of debt on the books, if they keep an profit generating division, such as indue.

In my opinion, STL could be reborn completely new company. Let’s hope Todd was close to securing that eftpos deal.

It will be very interesting how this ends up. And even though, when analysing the financials a few months ago, when I flagged the risks on here and sold my entire position, I still have faith for you guys. I have seen companies much worse.

Good luck all!