In Joyce's eyes now might be the ideal time to bail as 'on paper' they have turned a corner, making steady money, ticked a few boxes and met some KPI's. Most CEO's like to go out 'on top' so to speak, head for the next trough. Then again regardless of whether Joyce is helping QF make a profit or not probably doesnt really matter to him because he is still pulling in millions and millions of dollars in salary, bonuses and other fiddles, regardless. For him it's win win.