The AFR article last week implies the CEO is trying to buy back part of the business. I guess this is at fire sale prices and seems to be non-cash??....He floated it at top dollar 2 years ago and could make a fortune on the difference? Savcor's response doesn't give any real information.
The Chinese $20M debt expires at 31/12 so perhaps they can't get it extended and have to sell off assets quickly in the next 6 weeks??
The announcements have been very quiet. Perhaps they are going to hit us with another event like June and push the share price down below 10c this time???
------------------------- I am not an advisor. My comments are discussion points only.
SAV Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
