Article in today's AFR - I can't post it due to copyright but it essentially says we equity holders are screwed.
Basically recapitalization talks have failed and ANZ has had to bail the company out with a debt package. KordaMentha also has been bought in.
"Sources said the company was not likely to resume trading in the near future and could drop 90% or more should it come back to the ASX".
How does this happen with Continuous Disclosure requirements?
Shocking.
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