The $90M CN was not a debt, it converted to debt as they called in the liquidator which act made it a debt.
If they had avoided liquidation it was only convertible to shares & MBN would have NO DEBT!
They were debt free
They could have issued the shares to them & doubled it to recap it and relisted on ASX but looks like the ASX didnt work for them at all other than the massive ramps in 2008 & 2014
They stuffed us twice
then flipped it for $1B from $50M, a 20 MBer run so they got 200% of their funds back and we got 0%.
I have no doubt the bondholders were behind the entity behind Accian Capital Canada, phoenixed.
Look at the production, assets & 1000 workers back again like nothing happened at all.
The aussie founders and investors stuffed by the yanks yet again.
And you call them friends and allies, is this what allies do to each other?
Enemies would treat you better imho.
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
