This is insane what they have managed to do here, the basically got $20million dollars for $8million (Possible current payments + 107mill shares at 4c (not sure of the exact issue price yet) + the $1.2mill).
The is an astounding result.
I've been bagging the americans for letting Lehmans fail, talking about a blessing in disguise............
“This brings the company’s net bank borrowings, including cash deposits, to less than $1 million, including all leasing facilities.”
Now if only ANZ are told they have to buy back Bill Votsaris' OpesPrime shares, well.......
HYO Price at posting:
1.5¢ Sentiment: LT Buy Disclosure: Held
