Agree that those that paid $8.00 would understandably be very...

Agree that those that paid $8.00 would understandably be very disappointed, but unless there is something we have not been told, I think that market has got this one wrong. They made a decision to exit a low margin business that was proving problematic on the arrears front in order to redeploy capital into the successful higher margin Hospitality business, focussing on Canada for growth where they are going great guns. Admittedly, that means initially lower revenues (but higher return on deployed capital) until the Hospitality business grows to replace the lost poor quality GoGetta revenues, but if you were looking forward that would actually imply a higher share price, not lower. The non-cash write-offs can as a result of resetting the business and while they temporarily breached bank covenants, inserting some sub-debt into the capital structure actually makes sense for this type of company, IMO. The gearing is not atypical of a non bank lender, so I actually don't see what the problem is. Obviously, it would have been better to have never started the GoGetta segment, but it is a good decision IMO to get out of it. The fact that Allan is buying suggest that he also agrees.