So what happens if RFG misses the next quarterly profit target of $22.5 mill EBITDA by more than 20% and breaches the latest banking covenant introduced by the bank? (bearing in mind they only made $45 million EBITDA for last 6 months, when only half a month was impacted by the media reporting).
Can banks insist on their loans to be repaid? I think it is almost certain the banks could force a capital raising, for at least a partial repayment of their debt.
RFG should have done the capital raising before releasing latest results, they would have got a higher issue price for their shares.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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8 | 23960 | 7.6¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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8 | 23960 | 0.076 |
7 | 721565 | 0.075 |
2 | 250000 | 0.074 |
3 | 155862 | 0.073 |
2 | 53900 | 0.072 |
Price($) | Vol. | No. |
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0.077 | 248343 | 4 |
0.078 | 384339 | 5 |
0.079 | 352131 | 5 |
0.080 | 1175216 | 13 |
0.081 | 1322776 | 6 |
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