NTAW Holdings is on the verge of collapse it seems:

1) CEO bails out (or pushed out) on December 13, 2024.

2) December 18, 2024 - Announcement of downgrade AND advising the company will breach its financial covenants in connection with its debt facilities.

3) January 9, 2025 - Receives notice of termination of Dunlop distribution agreement. This follows the acquisition of Dunlop brand and distribution assets in 2023/24. Apparently, NTAD has no right on the Dunlop Brand, which is controlled by Goodyear. They have sold the rights to the brand to Sumitomo.

Dunlop brands were planned to be the biggest seller for the business. It is unclear how they will repay the $86 million in borrowings.....