Just who is behind the recapitalization.? It's disappointing that no details are given. How can shareholders decide whether to participate in what will be a dilutionary issue after control has passed to an unknown group? Favourite to emerge as controlling shareholder must be josey wales as he can do a debt for equity swap and the placement price is too coincidental to his new average price based on an earlier reply analysis. Why did Greg paramour resign in October before it all happened? Could be because he is also part of the syndicate.
So I don't have a view but its on my watch radar to have a look post issue I when clarity emerges. Too many easy money situations at present without needing ones like this
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Just who is behind the recapitalization.? It's disappointing...
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