Oh my... how quickly has this fallen from grace!
Been watching from the sidelines waiting for an entry, but now it looks like it's all over for existing equity holders...
I'm flabbergasted
The senior debt holders must have cracked the shits something's chronic & demanded repayment via an equity swap.
I fear this will be >80% dilutionary for equity holders which means sub-5c
All those holding over 30c IMO are now fooked
Ann: Extension of Voluntary Suspension, page-18
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