It would cut, but there's a lot of weird stuff in there, especially in some of the lettering. It all shows up white because the lead-in is drawn in, and the path is broken where the lead-in is. If I were going to cut that, I'd probably go through and delete all the lead-ins, join the broken segments, and fix the weird lettering first. Time-consuming and tedious, but it would let you set up your cuts the normal way.
