I agree with you again. Implant. Your view are harsh but truth. A thumb up from me.
Not one would like to see alinta in administration. Neither the us, the management or the lenders.
I would like to see what alinta management/suitors can come up with especially some form of return with our $450 milions loan. If they are thinking that they can buy our company at 5 cents a share. Then they can takeover our company and then massive dilute us with the goal to wipe us (orginal shareholders) and our trusts $450 milions dollars of debt off this planet. Then I am sure they have some tough resistance.
I would rather it go into administration (even with zero return) than let the hedge funds smiling and make money from our wounds.
But business is all about win-win. So if the suitors can offer some return from our $450 milions dollars of loan to alinta. Then we (the shareholders) are happy to do a deal with them to wipe this loan off and handover the company to them.
AEJ Price at posting:
4.9¢ Sentiment: None Disclosure: Held
