don't know why they would need to recap, only 6 mil debt due in 2009. there's 300 mil due in 2010. but price should start to recover late 2009.
with current market cap of 4 mil, it would be stupid to recap.
unless management want to dilute current holders value and buy out the trust for cheap... say, they put in 6 mil in exchange for 60% of the trust.
I smell a scam somewhere. is this another rubi-CON job cooking up.
where's ASIC.
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Ron Miller, Non-Executive Director
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