they have a signed term sheet but offer up absolutely no details in the announcement (not even ball park suggestions of headline $ amount)
if there was anything positive for existing shareholders it would have been included in the announcement - how do they generally fare in recapitalisation transactions involving seaport group?
imo the only way this will open at 2c is after a 10 for 1 consolidation - and even then it will be touch and go
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announcement out - financial restructure, page-6
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