hard to the follow the maths of it. Of course we are only getting half the picture. I agree as a former auditor, an audit can have subjective element. or cannot, but mostly can. For such an important decision, they should have an external audit, or at least a second audit internally to address each item in dispute (which you would think a decent org would but dont know about AMP).
As I said, i am simple so dont get the maths, but at 2.5x, and he couldnt pay off <200k debt, his business must have finally been valued at $50k (from his of 600k). Lastly, he went off into the sunset with his great clients, how is he doing now? The stress of course, is he upset its not worth 4.5x, and only probably 1.5x on the open market?