If ANZ facility is $50m, SOL can take that out and effectively become first debenture holder for whatever they are owed. If they're taking a long view on AIS assets, that sort of outcome can make sense for them if it ends up insolvent.
I haven't really been following this company as I don't have that much in it, but I'm having trouble getting my head around how they got into this situation compared with where they were a couple of years ago.
Ann: Q4 RESULTS AND COMPANY UPDATE PRESENTATION, page-14
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $217.6M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.8¢ | 21.5¢ | $464.4K | 2.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 245097 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 153347 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AIS (ASX) Chart |