The ShortMan, page-8

I have a feeling they will package a raft of Announcements together. To come out with a crappy sale price alone will not cut it. If they can get around $350m for NZ it won't surprise me that they take it. Then load it up with a CR of $150m-200m to make up the balance of what we really need to avoid bank covenants towards the end of '18. In addition they may well give us an update on ASC including some paid up clients. Basically keeping the wolves at bay and buy some more time for John Ho.

IMO it's a worry that the underlying business is not getting full attention whilst this sales process is taking place. We cannot afford another earnings downgrade with the present pessimism surround the macro telco market and I'm particular our current perilous financial position.

Let's hope smarter heads than us are wheeling and dealing like Ben Simmons. But hopefully with a better jump shot...