I’m pretty sure I read somewhere it was 30%, I also thought it was 1/3. On round numbers I had PURE at $30m debt, $8m to ATO which MCL said will be paid by end June/early July, $2.5m left of the $5m Swiss loan. So as i understand $40m odd owed still. All the asset sales have been doing is paying for the interest, repaid $2.5m of Swiss loan and kept the lights on. Despite asset sales each Qtr is still negative Cashflow. If this deal happens they are hoping all I can say is we will be diluted to kingdom come. But we still live I guess. I stand to be corrected if anyone has more views or info. To raise $40m to pay debts plus about $60m to buy out the other 2 shareholders in BB, roughly $100m, divide that by $0.008 that’s another 12.5B shares!! Go figure.
MCL Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
