Glen James

So I asked for some clarity because I'm reading this and I'm like, there's something here that ain't computing.

And I'll read.

So I basically said, like, firstly, what is the business?

Yeah.

Right.

Vehicle manufacturing and custom work.

And then I said, and what is the 500K debt for and what does the business turn over each year, as you asked?

She says, I'm not 100% sure what the business turns over each year.

The debt is a mix of land taxes, workshop mortgage repayments that are behind, income tax, super, and a billion other different insurances.

And I said, well, what is the debt on the workshop itself and the value of the workshop?

This is where it's like this information is material.

And there's a whole thing here, John, because there's one giant thing that's standing out, and we'll get to that.

It's a $1 million mortgage and the workshop's worth $2.5 million.

So there's a one and a half ton of equity sitting there.

Like my instant response is, I'm sorry, your husband can't run a business.

Or had someone doing the bookkeeping and the accounts.

So the whole situation here, like in money terms, this is –

not a balance sheet problem.

She's writing to me here saying that it is a balance sheet problem because we've got all this debt.

The problem is a P&L problem, which is your husband isn't making enough income.