Talk about an emergency raising. The 'Capital Raising Presentation' says that without the $90m they'd be at a leverage ratio of 5.2x v their covenant of 3.0x!!! And the raising only gets them back to 2.53x. Wow, wow, wow. Any further deterioration will mean they need to raise AGAIN.
Talk about an emergency raising. The 'Capital Raising...
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Mkt cap ! $13.28M | |||
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