Tony, on Dec 27, RFG renegotiated its 2018 debt to be due in 2020. The announcement is here.
If I read that right, the $100M moves to January 2020 and the $50M moves to Dec 2020. I wouldn't have been interested in this as even a speculation if they had debt due in 2018, which is definitely going to be a volatile year. Management at least had the common sense to act quickly to move out the debt so they can focus on changing their business model and rebuilding market confidence.
You might be right about waiting for the model to be overhauled.
Tony, on Dec 27, RFG renegotiated its 2018 debt to be due in...
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Mkt cap ! $171.8M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.8¢ | $695.7K | 10.08M |
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| 1 | 1000000 | 6.9¢ |
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| 7.0¢ | 583799 | 2 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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