"The Company has been informed by the New Senior Lenders that they fully intend to implement a solvent restructure of the Company and to work cooperatively with the Company to enter into binding agreements to reset its debt structure to ensure that the company has a sustainable level of debt and a stable platform for its future operations both in Australia and the UK. The Company and New Senior Lenders believe a Restructure by a debt for equity Lender Scheme of Arrangement is in the best interests of all stakeholders."
Did you actually read that?
What is your experience working in mergers/acquisitions/insolvencies/bankruptcies/refinancing/institutional banking/capital raising?
If you have any I'm sure you already know it's not all that Shakespearean and poetically dramatic. I suspect the conversations are very benign and boring for all involved and everyone takes the same bus home.
SGH Price at posting:
11.5¢ Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)