The extension was always going to happen. They can't pay it off at the current rate. Just surprised at the number of shares given just to keep them happy.
However, with any luck, we will see senior debt substantially reduced by end of this financial year and paid off in Fy18. Hope Dom really understands that the debt is really holding the company back and it must be on his top priority to pay it off. No more one off costs and no more refinancing for the next 2 years.
CM8 Price at posting:
8.8¢ Sentiment: None Disclosure: Held