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Could be interesting if they call for a 249d they don't need the...

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joewolf

4,503 Posts.

174

21/03/18

15:52

Post #: 31923154
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Originally posted by Ashentegra ↑

This is all a bit silly.

It is beyond question that refinancing is in IFN's best interests. While the interest rate charged may not be as low as all holders desire, ending the restrictive covenants so management can build the business is a major step forward.

Lower interest rates will come about once IFN gains control of its affairs and can show financiers a clean balance sheet and free cashflow available to meet debt obligations.

Perhaps the agenda of Sethu & Meng is merely to draw attention to IFN and thereby boost the value of their holdings.

I would say, this will happen anyway on refinancing, commissioning Bodangora and the other initiatives extensively discussed on this site.

Neat smackdown of this nonsense by the BoD and TCF. Well done.

Ash

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Could be interesting if they call for a 249d they don't need the higher hurdle to replace directors and do own 10%. I just wish that TCF would take a more active role - I think they could add value to the company.

IFN Price at posting: 59.0¢ Sentiment: None Disclosure: Held
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