"There wouldn't be a cap raising at these prices" - that thinking is still why still trading as high as 29c
As reported, McGN say a CR is coming - dictated by the lenders. Lenders taking equity, including the new debt buyers. I tend to believe this, lenders with whip hand. Paying down some before maturity date ain't cut it as a concept. Who is going to refinance without taking the equity?
The rest is speculation.
SGH Price at posting:
29.0¢ Sentiment: Sell Disclosure: Not Held
