All the technical issues appear to have been resolved with ASX being part of that process so I would imagine its a matter of the wholsalers getting the various participants to chip in to take on the bonds at $xxxxxxx per note. So what Iam not sure of is at what level the bonds are at (high security through to junk bonds). Suspect they are not junk bonds as these would be substantially higher coupon (interest rate) than what PDF are paying.
They have said that they are talking to a number of entities so this is a good sign. So they could have access to money that would buy them 1,2,3,4,5 farms. This plus the need to raise $4M at least to satisfy Ch1&2 means they will be working flat out at the moment with multiple issues. I am not going to put a percentage on it as I don't know the circumstances. But I will say as a shareholder we are better now than anytime over the last 12 months.
For me I want to see the AGM soon as this will provide a direction or not.
PDF Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held