Ann: Trading Halt, page-19

It's ready 90% done when it reaches this stage and only the legal side and administration is carried out through the trading halt.What we don't know is any conditions attached to the raise and if there are any convertible notes in the mix which can be toxic debt.
The debt which is reportedly 100 mill is nothing more than a lifeline most will get chewed up quick satisfying lenders a possible advantage is it might save cap smart ready for a rebound but bare in mind they have to compete against Repairhub and some hard-nosed independants.Also remember they blamed their pre covid loss on the lack of new cars well you have to ask what's happening now with short supply of new cars
The amount of rumours flying around this year proving to be correct is alarming.