I think any entity with the quantity of debt we're talking about wants to stay listed even if the free float is the proverbial 5/8s of... not much. Debt holders would surely tighten the screws had we gone private at some point over the years.
Long term holders have rushed for the exits and good on them, got their exit and hopefully in the green. Personally I agree with the sentiment in this thread that sub-20c it is worth hanging onto a little bit, when ACCC clears this and the debt situation becomes clearer I reckon we'll see some rise again.
DYOR, every chance I'm dead wrong!
I think any entity with the quantity of debt we're talking about...
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