Didnt the secured lender grant two extenstions already ?
4th option:
Conversion of some of the loan into "shares" for 99.xx% of the equity, and a "new" convertible loan security (fully secured!!!!) for around 40-50m in value .......Similar to Mirrabella (MBN) .......this way - the lender gets "some liquidity" and gets to ride the (dead horse) twice !
Hopefully Guegenhiem is astute enough to find a board / management that actually "do something" .......
again - sad that it got to this point ..........
rgds
V_H
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