You've just got to hope that this raising gives them enough time to get a new bank onboard. I just hope that's soon, because the other lenders may have placed a timeframe clause on their term sheets. They could notify MZI that due diligence must be done again after the set expiry period.
Oppies I've found in the past that management dont give a crapper about optionholders, they treat them like second class citizens. Oppies are given out as a freebie to the shareholders that took up a particular rights issue. If they come in, great. If they don't, that's the game. (if management hold heaps, then its a different story).
I think long term RCF and Stirling would rather them expire, especially if they are participating in the current raising. I would question whether RCF are in this one, just because their exposure is getting right up there now.
P
MZI Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
