Much quieter trading yesterday.
Came across this today:
https://www.rbnz.govt.nz/news/2020/0...siness-lending
Hopefully these measures will make the possibility of Sky working with the banks to ensure it can use banking facilities to repay the bonds a real possibility.
As I have mentioned before, I think a capital raise at this point in time would be far too destructive to current shareholders who can't participate.
For the record, should Sky do a discounted rights offer - I would personally be in a position where I can fully participate. And, no doubt, it would probably be to my financial advantage to do so.
However I have a genuine concern for the poor bastards who have paid north of, say, $1.50 a share... and have supported the company over the years yet would be absolutelty decimated by a capital raise with the SP being so low if they don't have available funds to participate.
I don't feel like I really 'win' if my business partners lose so heavily.
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