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HAC30

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31/05/17

19:55

Post #: 25025658
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Originally posted by Sandvik ↑

Hi Jack,
Thanks for your post.
Just to play out your scenario a bit further... Atm it is generally well understood that the business is cash flow negative and revenues on trend have been falling. So if the new lenders were to put a DFE offer to shareholders that got rejected, I don't agree that they are hamstrung in realising a return by having no fixed assets to sell. In your scenario, you suggest revenue would diminish whilst operating costs would remain. I put it to you how is that any different to the current situation? This is why interest was recently capitalised and a new working capital facility extended - because current revenue is not covering costs and it needs more capital to fix the business.
If they forced the company into VA, should shareholders reject a DFE, why couldn't they just keep on current staff to work through the remaining files to realise the receivables? Would staff say no to remaining employed a bit longer? And at that point what do they care about diminishing revenues if they don't intend for the business to be a going concern.

Expand

debt.[/QUOTE]
Miller can you post the announsments from Slater and Gordon that dfe is apart of there recapitalization?

providing evidence to back up statments is something ive noticed shareholder doing.

If you need example check some bull posts, facts are provided in posts. We can all learn something new aslong we are not a know it all?

Sandvik is waiting[/QUOTE]

Says it in the company announcement on 17/03/2017.

Back to the drawing board hey?

SGH Price at posting: 9.5¢ Sentiment: Sell Disclosure: Not Held
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Impending admin?, page-165

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Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

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