Have a look at note 13 to the interim accounts and review how systematically they've drawn down long term bank debt in recent times.
https://www.comvita.co.nz/_assets/In...Statements.pdf This is damming stuff for a company with financial performance that's best described as an ongoing fiasco.
I would think this latest revelation today is likely to see them in breech of their banking covenants and the bank saying "no more".
Time's up for the current CEO and Chairman...massive change is needed and a whole new perspective or there's a real risk the bank will give them some new perspective whether they like it or not !
I won't try and put a price on the fair value of the shares any more as I think the business is fundamentally "broken" and probably has little if any value other than in a takeover situation with a complete clean sweep of management and the board and their conceptually flawed current processes.
I think shareholders are on a hiding to nothing and this is just a slow motion train wreck heading for derailment.