"If those repayment schedules are not revised under the equity raising, the company faces a relatively urgent delivery schedule..."
Just out of curiosity I had a look at the repayment terms for the US$138m debt. Minimum quarterly amortization of US$42.9m before a 70% cash sweep for excess cash. Maybe the spider webs behind the 70% cash sweep are just way too dangerous for any new lenders to be interested in pouring multi-millions into SO4 coffers.
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Class Action/Lawsuit against SO4/Board, page-36
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