Capital Raising, page-131

Actually looking deeper.
It's the same deal with a private equity jackal sinking their claws in. Sankaty has 14% warrants on that company and holds the debt. It's making them pay 10% interest.
If they fail to sell the oil and gas operations then they are in trouble, they had a negative cashflow in the first half and were hoping for an oil and gas recovery which hasn't happened - conditions have worsened. What will the debtholder demand then?
It's comforting to know CDD has debt with the bank instead. As long as we keep them happy they won't sell it to a Jekyll and Hyde outfit.
Sorry Synergy I don't know where the share price is going next. I think your numbers of shares sound about right, while it's fair to say Crescent don't seem interested to sell at this point I have no idea of Investec's intentions.
Crescent has the right to change their mind as circumstances dictate.
Any strategy that depends on what others may do is a little risky, what if they do what you don't expect?