I don't know for sure, but it is not difficult to work out their cash position (or lack of cash - I should say).
They have to do something. I think the market is likely to punish them short term, which will make good buying for those willing to look out a couple of years.
My view only.
Do your own research.
I hold convertible notes only.
Cheers
Rosco
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Ron Miller, Non-Executive Director
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