This has always looked like Freefire was standing up the coy by offering debt as a toxic crutch. When all the cash is gone and the Board can't reasonably accept anymore cash from Freefire (despite it having the majority Board representation), Freefire will call in the loans and take the assets from SH. Either that or convert all debt into equity thus giving them more than a controlling stake - nearly the whole bloody thing.
Writing has been on the walls for many years now. IMO Freefire wanted this for themselves YEARS ago. Surprised its taken this long.
I see a few old fellas hanging around. I do sincerely wish you all the best and hope that this is not the only basket for all your eggs.
Cheers
CGN Price at posting:
3.8¢ Sentiment: None Disclosure: Not Held
