I would like to see how the NTA has been calculated as the...

I would like to see how the NTA has been calculated as the majority of the Asset base is in both earning and non earning equipment, what percentage is non earning and how has the book value been assessed?

I have gone through the list of repossessed, ex rental equipment which looks highly over valued, in the majority of the cases more than listed new prices when compared to wholesalers prices listed on their web sites,

With this in mind if the financiers employ a true valuer to value the rental assets then the debt to asset ratio could be much greater than 65%??

the updated financials accounts look very creative??? and for that reason I am out!