Have followed BUG for a while.. the debt always scared me off jumping in.
Will follow even more closely now though, down 35% from its trading high a few weeks ago.
Surely a board/management shake-up, placement or SPP plan of say 50 million shares @ 40c, would wipe out the debt and provide some more shares and liquidity. Start off afresh with a clean balance sheet and sector full of potential.
Ann: Change to Earnings Expectations-BUG.AX, page-9
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