in such a scenario (going into administration), the company’s assets should far exceed the liabilities. It’s just unfortunate that we have a very short liquidity crunch moment.
but I don’t recall any precedence where existing shareholders have walked away with anything post bankruptcy. I would find it very unlikely that they are unable to either get waivers or raise additional funding through alternative funding channels.
CRN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)