capital raising to reduce their debt liability should have occurred ages ago when the sp was far higher. now obviously its going to dilute existing holders to the hills, pardon the pun.
could go the way of dick smith, or even debt for equity with their bankers? would need to be a very brave or a lunatic to chance buying even at these record low levels.
will watch how this pans out with interest.
A new Low, page-27
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