IMHO
The questions are:
- Is the underlying business profitable without all the questionable actions on frachisees? Did they need to churn and burn franchisees to make the business model work? If so is it enough to service the debt?
- The parliamentary inquiry has suggested incredible regulatory scrutiny of the company by ASIC, ACCC and the ATO, The inquiry has painted a large bullseye on the company for the regulators. Does the company have enough cash to cover the legal fees let alone the potential fines that may come from the regulatory blowtorch?
you where warned, page-37
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