I agree Invessi I wouldn't be concerned about that, I would be more concerned about

1 The S&P downgrading and potential future downgradings
2 The disappearing funding options for this group - Debenture holders and bankers all want their money back
3 The lack of profitability and a clear path forward towards profitability for each of the business segments.
4 The resounding silence from NZF about the potential partner, an extremely long due diligence for a company with 19 loans! Will it be a "White Knight" or "Good Night"
5 I hear things are so bad they have even turned off the light at the end of the tunnel

Apart from that, nothing to worry about.....

The company has struggled since the departure of Callaghan who in my opinion was the driving force. Without him they would have never got off the ground and got listed. I don't see anyone driving this company in any of their business segments, they are lacking leadership and direction. Maybe there is a reason they are EX bankers ??