It's currently non-binding so it's all up for grabs. SHs vote on it.Though obviously the debt (mostly to CPH) has to be repaid.But I reckon it's appealing for a recap (even at the current 1c).Compare HHI to AGH which is a similar distributor in similar markets.AGH has done $23m revenue for the first 9 months & at a $20m MC (and consistently lost >$1m per quarter)HHI has done $16m for 9 months and just hitting B/E, so a ~$6m MC at recap has decent upside potential to get it over the line.Good PA today, wonder if the market will start pricing a deal failure in and the upside to come.....?
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