The listed company is in admin. Listed BUD owns all the operating subsidiaries which have not been placed in admin. This will allow the subsidiaries to trade normally without disruption while the administrators hopefully sort out a recap deal. Certainly will see massive dilution for current BUD shareholders but we may end up with some crumbs?
At least this time the numbers will be critically examined by independent experts before any deal is taken to market. If the BUD forecasts pass the test of independent experts we should expect something positive to flow.
The biggest positive is chair and DM no longer have any control over the BUD business.
BUD Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
