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79.0¢ speedcast international limited

Ann: Speedcast receives US$395 million equity commitment, page-9

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Macca1990

47 Posts.

3

13/08/20

14:29

Post #: 46513175
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Originally posted by Slack1: ↑

I don’t think criminality is the yardstick. More likely a failure to act in the best interests of shareholders and their failure to do the job they were supposed to do when given board seats. I wonder if there might be an action against the institutions that lent shares to be shorted as their actions ultimately led to the inability to refinance and loss to all shareholders. At the very least the board erred in not addressing debt after the globe com purchase. At that time a cap raise was doable and likely would have led to better outcome for existing shareholders. I would be interested to hear from anyone with the appropriate legal experience.

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100% mate. A capital raising pre-Covid was required, and not when the company was on life support! If they were proactive and got it done earlier, we aren’t licking our wounds today.

SDA Price at posting: 79.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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