Let assume Australian business remains the same condition or...

Let assume Australian business remains the same condition or with slightly downgrade however reduction of operating expenses and lower copyright costs will offset this. 
Asian business continue to grow hence they are recruiting a number of positions in Asia. 
Debt is a concern but they still have strong cashflow to keep going.
The key initiatives Management undertaking is fighting to get lower copyright cost, reduction of overheads by streaming business processes keep me believing in this stock.
$1 is high but 27c is definitely undervalue. Still aiming for 44-50c for short term.