Ann: EHE Market Update-EHE.AX, page-56

It is good that they woke up to the debt issue and did a CR before the debt destroyed the company. Once debt becomes bigger than the market cap of the company the share prices diminishes rapidly and the company heads towards voluntary administration and bankruptcy. Just look at SGH and PDN. I am afraid that once this is over they may have to do another CR to further reduce debt before a floor is put under the share price.